Cherry Tree Walk - NE31 2PY
Key Postcode Insights
NE31 2PY is a residential postcode situated on Cherry Tree Walk, Hebburn, NE31 with 16 addresses.
It ranks as the 481st largest and 530th most expensive of the 1,113 postcodes in the NE31 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 16 properties: 16 houses.
- Ave. Sale Price
- £140,860
- 10 Year change
- up 35.3%
- Ave. Rental Price
- £850pcm
- 10 Year change
- up 59.7%
- Ave. £ per ft²
- £154/ft²
- Ave. Gross Yield
- 7.2%/year/yr
Key Postcode Insights
NE31 2PY is a residential postcode situated on Cherry Tree Walk, Hebburn, NE31 with 16 addresses.
It ranks as the 481st largest and 530th most expensive of the 1,113 postcodes in the NE31 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 16 properties: 16 houses.
- Ave. Sale Price
- £140,860
- 10 Year change
- up 35.3%
- Ave. Rental Price
- £850pcm
- 10 Year change
- up 59.7%
- Ave. £ per ft²
- £154/ft²
- Ave. Gross Yield
- 7.2%/year/yr
Explore Propertiesin NE31 2PY
- 1 Cherry Tree Walk
House
- 3 Cherry Tree Walk
3 Bed Mid-century House
- 5 Cherry Tree Walk
3 Bed Mid-century House
- 7 Cherry Tree Walk
3 Bed Mid-century House
- 9 Cherry Tree Walk
3 Bed Early-century House
Sales Market Trends
The last sale in NE31 2PY sold for £130,000 on 25th November 2025. Since then prices are up an average of 3.3%.
The current average value in the postcode is £140,860.
The NE31 2PY Sales Market has increased by 35.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.4% | £140,860 |
| June 2025 | 2.9% | £137,559 |
| June 2024 | 3.7% | £133,633 |
| June 2023 | 0.9% | £128,876 |
| June 2022 | 10.1% | £127,725 |
| June 2021 | 3% | £115,998 |
| June 2020 | 5.7% | £112,668 |
| June 2019 | -0.6% | £106,634 |
| June 2018 | 2.2% | £107,279 |
| June 2017 | 0.9% | £105,003 |
| June 2016 | 3% | £104,100 |
| June 2015 | -0.1% | £101,072 |
| June 2014 | 3.7% | £101,162 |
| June 2013 | 2.9% | £97,536 |
| June 2012 | -4.8% | £94,796 |
| June 2011 | -1.6% | £99,583 |
| June 2010 | 2.8% | £101,162 |
| June 2009 | -12.6% | £98,453 |
| June 2008 | -1.8% | £112,585 |
| June 2007 | 0% | £114,656 |
Rental Market Trends
The current average rental value in the postcode is £850.
The NE31 2PY Rental Market has increased by 59.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.4% | £850pcm |
| June 2025 | 3.9% | £822pcm |
| June 2024 | 10.3% | £792pcm |
| June 2023 | 10.8% | £718pcm |
| June 2022 | 10.5% | £648pcm |
| June 2021 | 6.5% | £587pcm |
| June 2020 | 3.2% | £551pcm |
| June 2019 | -0.4% | £534pcm |
| June 2018 | 0% | £536pcm |
| June 2017 | 0.6% | £536pcm |
| June 2016 | 1.1% | £533pcm |
| June 2015 | 1.4% | £527pcm |
| June 2014 | 0.5% | £519pcm |
| June 2013 | 1.3% | £517pcm |
| June 2012 | 1.1% | £510pcm |
| June 2011 | 1.2% | £505pcm |
| June 2010 | 1.9% | £498pcm |
| June 2009 | -5.7% | £489pcm |
| June 2008 | 4.4% | £519pcm |
| June 2007 | 0% | £497pcm |
Sales History
The last sale was on 25th November 2025 for £130,000 and since then the market in the area has increased by 3.3%. The postcode has had a total of 8 sales since 1995.
NE31 2PY has seen 2 sales in the last three years and 1 sale in the last twelve months.
- Sold Nov 2025£130,000 | 3 Bed House29, Cherry Tree Walk, Hebburn, NE31 2PY29, Cherry Tree Walk, Hebburn, NE31 2PY
- Sold Feb 2025£135,000 | 3 Bed House19, Cherry Tree Walk, Hebburn, NE31 2PY19, Cherry Tree Walk, Hebburn, NE31 2PY
- Sold Oct 2022£120,000 | 3 Bed House21, Cherry Tree Walk, Hebburn, NE31 2PY21, Cherry Tree Walk, Hebburn, NE31 2PY
- Sold Aug 2022£112,000 | 3 Bed House15, Cherry Tree Walk, Hebburn, NE31 2PY15, Cherry Tree Walk, Hebburn, NE31 2PY
- Sold Dec 2021£135,000 | 3 Bed House5, Cherry Tree Walk, Hebburn, NE31 2PY5, Cherry Tree Walk, Hebburn, NE31 2PY
Nearby Postcodes
NE31 2PY is the 481st largest and the 530th most expensive postcode out of the 1,113 postcodes in the NE31 area.
- NE31 2QA, Cherry Tree Walk, Hebburn, NE31NE31 2QA6 Addresses|36 m away
- NE31 2PT, Hollyhock, Hebburn, NE31NE31 2PT28 Addresses|48 m away
- NE31 2QJ, Dahlia Way, Hebburn, NE31NE31 2QJ12 Addresses|76 m away
- NE31 2PZ, Cherry Tree Walk, Hebburn, NE31NE31 2PZ4 Addresses|99 m away
- NE31 2DD, Tees Road, Hebburn, NE31NE31 2DD14 Addresses|111 m away
Property Types
- 12 mid-century houses built between 1936 and 1979
- 1 early-century house built between 1912 and 1935
- 3 other addresses of unknown type
- mid-century house (12)
- early-century house (1)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 13 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (5)
- G (0)
- D (8)
- No EPC (3)
Top 3 Most Expensive Sales
- Sold Apr 2021£140,000 | 3 Bed House10, Cherry Tree Walk, Hebburn, NE31 2QA10, Cherry Tree Walk, Hebburn, NE31 2QA
- Sold Feb 2025£135,000 | 3 Bed House19, Cherry Tree Walk, Hebburn, NE31 2PY19, Cherry Tree Walk, Hebburn, NE31 2PY
- Sold Dec 2021£135,000 | 3 Bed House5, Cherry Tree Walk, Hebburn, NE31 2PY5, Cherry Tree Walk, Hebburn, NE31 2PY
Schools Nearby
- St James' Catholic Primary School, Hebburn300 m away
- Hebburn Lakes Primary School500 m away
- Toner Avenue Primary School500 m away
- Hebburn Comprehensive School300 m away
- St Joseph's Catholic Academy900 m away
- Jarrow School1.7 km away
More reading links
Public Transport Nearby
The closest station to NE31 2PY is Heworth station, which is 3.1 kilometres away.
- Heworth|3.1 km away
- Manors|6.0 km away
- Newcastle|6.7 km away
- Northumberland Park (Tyne & Wear)|7.6 km away
