NE38 7NZ is a residential postcode situated on Oxclose Road, Washington, NE38 with 39 addresses.
It ranks as the 1764th largest and 511th most expensive of the 2,018 postcodes in the NE38 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 39 properties: 39 flats.
NE38 7NZ is a residential postcode situated on Oxclose Road, Washington, NE38 with 39 addresses.
It ranks as the 1764th largest and 511th most expensive of the 2,018 postcodes in the NE38 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 39 properties: 39 flats.
Sale prices range from £93,487 for 2 bedroom leasehold flats (656 ft2) to £95,579 for 2 bedroom leasehold flats (688 ft2) .
Monthly rental prices range from £506 pcm for 2 bed flats to £514 pcm for 2 bed flats.
The gross rental yield is between 6.5% and 6.5%.
The average value per square foot is £139.
The last sale in NE38 7NZ sold for £66,000 on 12th July 2022. Since then prices are up an average of 6.7%.
The current average value in the postcode is £95,437.
The NE38 7NZ Sales Market has increased by 15.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.7% | £95,437 |
| April 2025 | 2.3% | £93,856 |
| April 2024 | 4.5% | £91,774 |
| April 2023 | -0.4% | £87,782 |
| April 2022 | 4.2% | £88,115 |
| April 2021 | 4.1% | £84,532 |
| April 2020 | 2.3% | £81,200 |
| April 2019 | -0.1% | £79,353 |
| April 2018 | -3.5% | £79,401 |
| April 2017 | -0.3% | £82,293 |
| April 2016 | 1.3% | £82,551 |
| April 2015 | 0.1% | £81,462 |
| April 2014 | 1.6% | £81,355 |
| April 2013 | -2% | £80,106 |
| April 2012 | -2.4% | £81,709 |
| April 2011 | -2.7% | £83,676 |
| April 2010 | -4.5% | £86,018 |
| April 2009 | -11.8% | £90,045 |
| April 2008 | 0.7% | £102,083 |
| April 2007 | 0% | £101,413 |
The current average rental value in the postcode is £514.
The NE38 7NZ Rental Market has increased by 31.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.7% | £514pcm |
| April 2025 | 5.2% | £500pcm |
| April 2024 | 7.4% | £476pcm |
| April 2023 | 7.7% | £443pcm |
| April 2022 | 7.8% | £411pcm |
| April 2021 | 0.1% | £382pcm |
| April 2020 | 1.5% | £381pcm |
| April 2019 | -1.6% | £375pcm |
| April 2018 | -1.1% | £381pcm |
| April 2017 | -1.6% | £386pcm |
| April 2016 | -0.4% | £392pcm |
| April 2015 | -0.6% | £393pcm |
| April 2014 | -1.1% | £395pcm |
| April 2013 | -0.6% | £400pcm |
| April 2012 | -2.4% | £402pcm |
| April 2011 | 1.4% | £412pcm |
| April 2010 | -4.2% | £407pcm |
| April 2009 | -2.6% | £424pcm |
| April 2008 | 3.8% | £436pcm |
| April 2007 | 0% | £420pcm |
The last sale was on 12th July 2022 for £66,000 and since then the market in the area has increased by 6.7%. The postcode has had a total of 20 sales since 1995.
NE38 7NZ has seen no sales in the last three years and no sales in the last twelve months.
NE38 7NZ is the 1764th largest and the 511th most expensive postcode out of the 2,018 postcodes in the NE38 area.
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The closest station to NE38 7NZ is Chester-le-Street station which is 6.2 kilometres away.
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