Hedley Place - NE28 8LY
Key Postcode Insights
NE28 8LY is a residential postcode situated on Hedley Place, Wallsend, NE28 with 28 addresses.
It ranks as the 634th largest and 190th most expensive of the 971 postcodes in the NE28 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 28 properties: 28 flats.
- Ave. Sale Price
- £83,954
- 10 Year change
- up 21.7%
- Ave. Rental Price
- £661pcm
- 10 Year change
- up 41.9%
- Ave. £ per ft²
- £109/ft²
- Ave. Gross Yield
- 9.4%/year/yr
Key Postcode Insights
NE28 8LY is a residential postcode situated on Hedley Place, Wallsend, NE28 with 28 addresses.
It ranks as the 634th largest and 190th most expensive of the 971 postcodes in the NE28 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 28 properties: 28 flats.
- Ave. Sale Price
- £83,954
- 10 Year change
- up 21.7%
- Ave. Rental Price
- £661pcm
- 10 Year change
- up 41.9%
- Ave. £ per ft²
- £109/ft²
- Ave. Gross Yield
- 9.4%/year/yr
Explore Propertiesin NE28 8LY
- 1 Hedley Place
2 Bed Mid-century Flat
- 2 Hedley Place
Flat
- 3 Hedley Place
2 Bed Mid-century Flat
- 4 Hedley Place
2 Bed Mid-century Flat
- 5 Hedley Place
2 Bed Mid-century Flat
Sales Market Trends
The current average value in the postcode is £83,954.
The NE28 8LY Sales Market has increased by 21.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.4% | £83,954 |
| June 2025 | 3.3% | £83,649 |
| June 2024 | 3.5% | £80,997 |
| June 2023 | -0.8% | £78,226 |
| June 2022 | 6.6% | £78,841 |
| June 2021 | 3.5% | £73,968 |
| June 2020 | 1.4% | £71,433 |
| June 2019 | 1.5% | £70,455 |
| June 2018 | 0.4% | £69,432 |
| June 2017 | 0.2% | £69,163 |
| June 2016 | -0.3% | £68,991 |
| June 2015 | 0.8% | £69,165 |
| June 2014 | 4.8% | £68,608 |
| June 2013 | -0.1% | £65,478 |
| June 2012 | -4.9% | £65,546 |
| June 2011 | -2.3% | £68,913 |
| June 2010 | 0.4% | £70,508 |
| June 2009 | -14.3% | £70,204 |
| June 2008 | -3.8% | £81,880 |
| June 2007 | 0% | £85,103 |
Rental Market Trends
The current average rental value in the postcode is £661.
The NE28 8LY Rental Market has increased by 41.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.5% | £661pcm |
| June 2025 | 3.8% | £639pcm |
| June 2024 | 10.2% | £615pcm |
| June 2023 | 6.1% | £558pcm |
| June 2022 | 9.5% | £526pcm |
| June 2021 | 3.4% | £480pcm |
| June 2020 | 2.5% | £465pcm |
| June 2019 | -0.7% | £454pcm |
| June 2018 | -0.8% | £457pcm |
| June 2017 | -1.2% | £460pcm |
| June 2016 | -0.3% | £466pcm |
| June 2015 | -0.1% | £468pcm |
| June 2014 | 0.3% | £468pcm |
| June 2013 | -1.3% | £466pcm |
| June 2012 | -1.3% | £473pcm |
| June 2011 | 1.1% | £479pcm |
| June 2010 | -0.7% | £473pcm |
| June 2009 | -5.4% | £477pcm |
| June 2008 | 1% | £504pcm |
| June 2007 | 0% | £499pcm |
Nearby Postcodes
NE28 8LY is the 634th largest and the 190th most expensive postcode out of the 971 postcodes in the NE28 area.
- NE28 8NB, Hedley Place, Wallsend, NE28NE28 8NB29 Addresses|31 m away
- NE28 8NT, Thames Gardens, Wallsend, NE28NE28 8NT23 Addresses|37 m away
- NE28 8JQ, High Street West, Wallsend, NE28NE28 8JQ1 Addresses|61 m away
- NE28 8ND, York Drive, Wallsend, NE28NE28 8ND20 Addresses|66 m away
- NE28 8JY, Elton Street West, Wallsend, NE28NE28 8JY36 Addresses|68 m away
Property Types
- 23 mid-century flats built between 1936 and 1979
- 5 other addresses of unknown type
- mid-century flat (23)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 23 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (0)
- C (19)
- G (0)
- D (3)
- No EPC (5)
Schools Nearby
- Western Community Primary School200 m away
- Carville Academy400 m away
- St Columba's Catholic Primary School, Wallsend600 m away
- Walker Riverside Academy1.2 km away
- Benfield School1.2 km away
- Burnside College1.4 km away
More reading links
Public Transport Nearby
The closest station to NE28 8LY is Heworth station, which is 4.5 kilometres away.
- Heworth|4.5 km away
- Manors|4.6 km away
- Northumberland Park (Tyne & Wear)|4.9 km away
- Newcastle|5.5 km away
