NE3 2RE is a residential postcode situated on Petherton Court, Newcastle Upon Tyne, NE3 with 21 addresses.
It ranks as the 594th largest and 578th most expensive of the 1,091 postcodes in the NE3 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 21 properties: 21 houses.
NE3 2RE is a residential postcode situated on Petherton Court, Newcastle Upon Tyne, NE3 with 21 addresses.
It ranks as the 594th largest and 578th most expensive of the 1,091 postcodes in the NE3 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 21 properties: 21 houses.
Sale prices range from £202,818 for 3 bedroom leasehold houses with a garden (764 ft2) to £278,304 for 4 bedroom leasehold houses with a garden (1,420 ft2) .
Monthly rental prices range from £1,384 pcm for 3 bed houses to £1,599 pcm for 4 bed houses.
The gross rental yield is between 6.5% and 8.2%.
The average value per square foot is £228.
The last sale in NE3 2RE sold for £275,000 on 4th January 2023. Since then prices are up an average of 8.7%.
The current average value in the postcode is £242,540.
The NE3 2RE Sales Market has increased by 36.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.2% | £242,540 |
| April 2025 | 4.6% | £237,329 |
| April 2024 | 1.4% | £226,968 |
| April 2023 | 2.7% | £223,934 |
| April 2022 | 7.7% | £218,068 |
| April 2021 | 5.2% | £202,399 |
| April 2020 | 2.2% | £192,346 |
| April 2019 | 2.4% | £188,175 |
| April 2018 | 1.1% | £183,853 |
| April 2017 | 2.2% | £181,874 |
| April 2016 | 3.2% | £178,020 |
| April 2015 | 4.5% | £172,466 |
| April 2014 | 4.8% | £165,027 |
| April 2013 | 0% | £157,527 |
| April 2012 | -1.1% | £157,596 |
| April 2011 | -1.9% | £159,295 |
| April 2010 | 1.3% | £162,323 |
| April 2009 | -12.4% | £160,219 |
| April 2008 | 0.5% | £182,901 |
| April 2007 | 0% | £182,052 |
The current average rental value in the postcode is £1,479.
The NE3 2RE Rental Market has increased by 66.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 5% | £1,479pcm |
| April 2025 | 7.1% | £1,408pcm |
| April 2024 | 6.6% | £1,316pcm |
| April 2023 | 12.3% | £1,235pcm |
| April 2022 | 11.2% | £1,099pcm |
| April 2021 | 4.4% | £988pcm |
| April 2020 | 1.8% | £947pcm |
| April 2019 | 2.2% | £929pcm |
| April 2018 | 1.5% | £910pcm |
| April 2017 | 0.9% | £896pcm |
| April 2016 | 1.1% | £888pcm |
| April 2015 | 1.7% | £878pcm |
| April 2014 | 2.4% | £863pcm |
| April 2013 | 1.8% | £843pcm |
| April 2012 | -0.2% | £828pcm |
| April 2011 | 0.9% | £830pcm |
| April 2010 | -0.4% | £822pcm |
| April 2009 | -3.3% | £825pcm |
| April 2008 | 0.6% | £854pcm |
| April 2007 | 0% | £849pcm |
The last sale was on 4th January 2023 for £275,000 and since then the market in the area has increased by 8.7%. The postcode has had a total of 16 sales since 1995.
NE3 2RE has seen 1 sale in the last three years and no sales in the last twelve months.
NE3 2RE is the 594th largest and the 578th most expensive postcode out of the 1,091 postcodes in the NE3 area.
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The closest station to NE3 2RE is Blaydon station which is 5.8 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around NE3 2RE, % of property is and % is .
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around NE3 2RE, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around NE3 2RE, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around NE3 2RE, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.