NE38 8LY is a residential postcode situated on Station Road, Washington, NE38 with 3 addresses.
It ranks as the 141st largest and 1569th most expensive of the 2,018 postcodes in the NE38 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 3 properties: 3 houses.
NE38 8LY is a residential postcode situated on Station Road, Washington, NE38 with 3 addresses.
It ranks as the 141st largest and 1569th most expensive of the 2,018 postcodes in the NE38 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 3 properties: 3 houses.
Sale prices range from £174,454 for 4 bedroom freehold houses with a garden (1,431 ft2) to £186,020 for 4 bedroom freehold houses with a garden (1,636 ft2) .
Monthly rental prices range from £947 pcm for 4 bed houses to £1,010 pcm for 4 bed houses.
The gross rental yield is between 6.4% and 6.5%.
The average value per square foot is £114.
The current average value in the postcode is £180,561.
The NE38 8LY Sales Market has increased by 27.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.8% | £180,561 |
| April 2025 | 2% | £179,153 |
| April 2024 | 4.2% | £175,697 |
| April 2023 | 2.5% | £168,620 |
| April 2022 | 5.1% | £164,497 |
| April 2021 | 5.6% | £156,507 |
| April 2020 | 2.2% | £148,153 |
| April 2019 | 1.6% | £144,969 |
| April 2018 | -0.6% | £142,693 |
| April 2017 | 1.1% | £143,582 |
| April 2016 | 2.9% | £141,953 |
| April 2015 | 2.5% | £137,932 |
| April 2014 | 2.9% | £134,516 |
| April 2013 | 1.6% | £130,735 |
| April 2012 | 0.1% | £128,641 |
| April 2011 | -1.5% | £128,496 |
| April 2010 | -0.1% | £130,389 |
| April 2009 | -9.7% | £130,468 |
| April 2008 | 2.1% | £144,506 |
| April 2007 | 0% | £141,501 |
The current average rental value in the postcode is £974.
The NE38 8LY Rental Market has increased by 44.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.7% | £974pcm |
| April 2025 | 4.8% | £957pcm |
| April 2024 | 7% | £913pcm |
| April 2023 | 10.8% | £853pcm |
| April 2022 | 8.7% | £770pcm |
| April 2021 | 1.5% | £708pcm |
| April 2020 | 1.4% | £697pcm |
| April 2019 | 0.1% | £687pcm |
| April 2018 | 1.9% | £687pcm |
| April 2017 | -0.2% | £674pcm |
| April 2016 | 1.2% | £675pcm |
| April 2015 | 1.8% | £667pcm |
| April 2014 | 0.2% | £655pcm |
| April 2013 | 3% | £654pcm |
| April 2012 | 0% | £635pcm |
| April 2011 | 2.7% | £635pcm |
| April 2010 | 0.3% | £618pcm |
| April 2009 | -0.3% | £616pcm |
| April 2008 | 5.2% | £618pcm |
| April 2007 | 0% | £587pcm |
NE38 8LY is the 141st largest and the 1569th most expensive postcode out of the 2,018 postcodes in the NE38 area.
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The closest station to NE38 8LY is Chester-le-Street station which is 6.4 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around NE38 8LY, 67.9% of property is socially rented and 16.0% is privately rented.
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 8LY, 6.4% of residents are recorded as possessing school level qualifications and 19.3% 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 8LY, the average age was 39.5 and the most common age was 32.
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 8LY, 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 8LY, there are an average of 0.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.