Verne Road - NE29 7LT
Key Postcode Insights
NE29 7LT is a residential postcode situated on Verne Road, North Shields, NE29 with 44 addresses.
It ranks as the 789th largest and 181st most expensive of the 882 postcodes in the NE29 area. The most common property type is a early-century flat built between 1912 and 1935.
The postcode contains a total of 44 properties: 8 houses and 36 flats.
- Ave. Sale Price
- £109,592
- 10 Year change
- up 41.8%
- Ave. Rental Price
- £761pcm
- 10 Year change
- up 47.7%
- Ave. £ per ft²
- £151/ft²
- Ave. Gross Yield
- 8.3%/year/yr
Key Postcode Insights
NE29 7LT is a residential postcode situated on Verne Road, North Shields, NE29 with 44 addresses.
It ranks as the 789th largest and 181st most expensive of the 882 postcodes in the NE29 area. The most common property type is a early-century flat built between 1912 and 1935.
The postcode contains a total of 44 properties: 8 houses and 36 flats.
- Ave. Sale Price
- £109,592
- 10 Year change
- up 41.8%
- Ave. Rental Price
- £761pcm
- 10 Year change
- up 47.7%
- Ave. £ per ft²
- £151/ft²
- Ave. Gross Yield
- 8.3%/year/yr
Explore Propertiesin NE29 7LT
- 44 Verne Road
Building  |  2 Flats
- 46A Verne Road
3 Bed House
- 48 Verne Road
Building  |  2 Flats
- 50A Verne Road
Unknown
- 52A Verne Road
3 Bed Early-century Flat
Sales Market Trends
The last sale in NE29 7LT sold for £84,500 on 17th October 2024. Since then prices are up an average of 4.8%.
The current average value in the postcode is £109,592.
The NE29 7LT Sales Market has increased by 41.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.2% | £109,592 |
| June 2025 | 6.3% | £109,851 |
| June 2024 | 2.5% | £103,304 |
| June 2023 | 6.2% | £100,819 |
| June 2022 | 9.2% | £94,958 |
| June 2021 | 5.5% | £86,971 |
| June 2020 | 0.8% | £82,423 |
| June 2019 | 1.1% | £81,732 |
| June 2018 | 0% | £80,874 |
| June 2017 | 4.7% | £80,902 |
| June 2016 | -2% | £77,275 |
| June 2015 | 1.9% | £78,853 |
| June 2014 | 1.4% | £77,372 |
| June 2013 | 1.4% | £76,266 |
| June 2012 | 1.9% | £75,191 |
| June 2011 | -2.1% | £73,781 |
| June 2010 | 3.2% | £75,332 |
| June 2009 | -12.9% | £72,978 |
| June 2008 | -3.9% | £83,775 |
| June 2007 | 0% | £87,147 |
Rental Market Trends
The current average rental value in the postcode is £761.
The NE29 7LT Rental Market has increased by 47.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.5% | £761pcm |
| June 2025 | 2.9% | £742pcm |
| June 2024 | 10.6% | £721pcm |
| June 2023 | 9.8% | £652pcm |
| June 2022 | 9% | £593pcm |
| June 2021 | 5.4% | £544pcm |
| June 2020 | 2.5% | £516pcm |
| June 2019 | -1% | £503pcm |
| June 2018 | -0.8% | £508pcm |
| June 2017 | -0.5% | £512pcm |
| June 2016 | 0.6% | £515pcm |
| June 2015 | 0.8% | £512pcm |
| June 2014 | -0.4% | £508pcm |
| June 2013 | 0.7% | £510pcm |
| June 2012 | 0.4% | £507pcm |
| June 2011 | 1.3% | £504pcm |
| June 2010 | 0.1% | £498pcm |
| June 2009 | -6.5% | £498pcm |
| June 2008 | 3.5% | £532pcm |
| June 2007 | 0% | £514pcm |
Sales History
The last sale was on 17th October 2024 for £84,500 and since then the market in the area has increased by 4.8%. The postcode has had a total of 72 sales since 1995.
NE29 7LT has seen 6 sales in the last three years and no sales in the last twelve months.
- Sold Oct 2024£84,500 | 2 Bed Flat82, Verne Road, North Shields, NE29 7LT82, Verne Road, North Shields, NE29 7LT
- Sold Oct 2024£104,500 | 3 Bed Flat74, Verne Road, North Shields, NE29 7LT74, Verne Road, North Shields, NE29 7LT
- Sold Jun 2024£60,000 | 2 Bed Flat126, Verne Road, North Shields, NE29 7LT126, Verne Road, North Shields, NE29 7LT
- Sold Jan 2024£64,000 | 3 Bed Flat68, Verne Road, North Shields, NE29 7LT68, Verne Road, North Shields, NE29 7LT
- Sold Jan 2024£64,000 | 2 Bed Flat70, Verne Road, North Shields, NE29 7LT70, Verne Road, North Shields, NE29 7LT
Nearby Postcodes
NE29 7LT is the 789th largest and the 181st most expensive postcode out of the 882 postcodes in the NE29 area.
- NE29 7LS, Verne Road, North Shields, NE29NE29 7LS37 Addresses|44 m away
- NE29 7NE, Orlando Road, North Shields, NE29NE29 7NE24 Addresses|55 m away
- NE29 7NL, Hollywell Road, North Shields, NE29NE29 7NL24 Addresses|112 m away
- NE29 7LZ, Langley Road, North Shields, NE29NE29 7LZ36 Addresses|120 m away
- NE29 7LU, Heaton Terrace, North Shields, NE29NE29 7LU11 Addresses|127 m away
Property Types
- 8 mid-century flats built between 1936 and 1979
- 2 houses of an unknown age
- 1 early-century house built between 1912 and 1935
- 25 early-century flats built between 1912 and 1935
- 8 other addresses of unknown type
- mid-century flat (8)
- house (2)
- early-century house (1)
- early-century flat (25)
- Unknown (8)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 34 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (0)
- C (19)
- G (0)
- D (14)
- No EPC (10)
Top 3 Most Expensive Sales
- Sold Jan 2022£330,000 | 4 Bed House7, Verne Road, North Shields, NE29 7LP7, Verne Road, North Shields, NE29 7LP
- Sold Jun 2025£260,000 | 4 Bed House206, Verne Road, North Shields, NE29 7DR206, Verne Road, North Shields, NE29 7DR
- Sold Nov 2025£250,000 | 3 Bed House19, Verne Road, North Shields, NE29 7LP19, Verne Road, North Shields, NE29 7LP
Schools Nearby
- Collingwood Primary School300 m away
- St Joseph's Catholic Primary School, North Shields700 m away
- Whitehouse Primary School800 m away
- Norham High School700 m away
- St Thomas More Catholic High School900 m away
- John Spence Community High School1.7 km away
More reading links
Public Transport Nearby
The closest station to NE29 7LT is Northumberland Park (Tyne & Wear) station, which is 4.0 kilometres away.
- Northumberland Park (Tyne & Wear)|4.0 km away
- Seaton Delaval|8.3 km away
- Heworth|8.7 km away
- Manors|9.7 km away
