NE38 7QU is a residential postcode situated on Wenlock, Washington, NE38 with 31 addresses.
It ranks as the 1515th largest and 782nd most expensive of the 2,018 postcodes in the NE38 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 31 properties: 31 houses.
NE38 7QU is a residential postcode situated on Wenlock, Washington, NE38 with 31 addresses.
It ranks as the 1515th largest and 782nd most expensive of the 2,018 postcodes in the NE38 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 31 properties: 31 houses.
Sale prices range from £100,699 for 2 bedroom freehold houses with a garden (473 ft2) to £114,112 for 2 bedroom freehold houses with a garden (613 ft2) .
Monthly rental prices range from £667 pcm for 2 bed houses to £756 pcm for 2 bed houses.
The gross rental yield is between 7.9% and 7.9%.
The average value per square foot is £188.
The last sale in NE38 7QU sold for £83,500 on 28th October 2019. Since then prices are up an average of 36.7%.
The current average value in the postcode is £110,331.
The NE38 7QU Sales Market has increased by 35.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.1% | £110,331 |
| April 2025 | 3.5% | £107,010 |
| April 2024 | 3.7% | £103,401 |
| April 2023 | 1.8% | £99,736 |
| April 2022 | 8% | £97,931 |
| April 2021 | 6.8% | £90,652 |
| April 2020 | 2.6% | £84,909 |
| April 2019 | 1.3% | £82,724 |
| April 2018 | -0.8% | £81,651 |
| April 2017 | 1.2% | £82,278 |
| April 2016 | 2% | £81,334 |
| April 2015 | 1% | £79,702 |
| April 2014 | 2.7% | £78,949 |
| April 2013 | 0.3% | £76,890 |
| April 2012 | -3.3% | £76,647 |
| April 2011 | -2.1% | £79,282 |
| April 2010 | -3.7% | £81,002 |
| April 2009 | -11.9% | £84,141 |
| April 2008 | 0.6% | £95,505 |
| April 2007 | 0% | £94,966 |
The current average rental value in the postcode is £731.
The NE38 7QU Rental Market has increased by 56.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.6% | £731pcm |
| April 2025 | 6.5% | £698pcm |
| April 2024 | 7.4% | £656pcm |
| April 2023 | 9.2% | £610pcm |
| April 2022 | 11.5% | £559pcm |
| April 2021 | 3.8% | £501pcm |
| April 2020 | 2.1% | £483pcm |
| April 2019 | -0.3% | £473pcm |
| April 2018 | 1% | £474pcm |
| April 2017 | 0.2% | £469pcm |
| April 2016 | 0.2% | £468pcm |
| April 2015 | 0.4% | £467pcm |
| April 2014 | 0% | £466pcm |
| April 2013 | 1.1% | £466pcm |
| April 2012 | -2.3% | £460pcm |
| April 2011 | 0.6% | £471pcm |
| April 2010 | -4% | £468pcm |
| April 2009 | -3% | £488pcm |
| April 2008 | 4.3% | £503pcm |
| April 2007 | 0% | £482pcm |
The last sale was on 28th October 2019 for £83,500 and since then the market in the area has increased by 36.7%. The postcode has had a total of 3 sales since 1995.
NE38 7QU has seen no sales in the last three years and no sales in the last twelve months.
NE38 7QU is the 1515th largest and the 782nd most expensive postcode out of the 2,018 postcodes in the NE38 area.
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The closest station to NE38 7QU is Chester-le-Street station which is 5.7 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 NE38 7QU, 57.0% of property is socially rented and 20.6% is privately owned outright.
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 NE38 7QU, 13.9% of residents are recorded as possessing school level qualifications and 12.6% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around NE38 7QU, the average age was 45 and the most common age was 72.
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 NE38 7QU, 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 NE38 7QU, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.