NE48 1LA is a residential postcode situated on Tarset, Hexham, NE48 with 6 addresses.
It ranks as the 579th largest and 34th most expensive of the 817 postcodes in the NE48 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 6 properties: 3 houses and 3 flats.
NE48 1LA is a residential postcode situated on Tarset, Hexham, NE48 with 6 addresses.
It ranks as the 579th largest and 34th most expensive of the 817 postcodes in the NE48 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 6 properties: 3 houses and 3 flats.
Sale prices range from £139,470 for 2 bedroom leasehold flats (656 ft2) to £201,516 for 3 bedroom leasehold flats (839 ft2) .
Monthly rental prices range from £902 pcm for 2 bed flats to £1,060 pcm for 3 bed flats.
The gross rental yield is between 6.3% and 7.8%.
The average value per square foot is £212.
The last sale in NE48 1LA sold for £220,000 on 17th August 2018. Since then prices are up an average of 25.9%.
The current average value in the postcode is £164,219.
The NE48 1LA Sales Market has increased by 32.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.1% | £164,219 |
| April 2025 | 2.4% | £157,811 |
| April 2024 | 1.8% | £154,145 |
| April 2023 | 2.8% | £151,436 |
| April 2022 | 5.2% | £147,305 |
| April 2021 | 6.3% | £140,024 |
| April 2020 | 0.9% | £131,751 |
| April 2019 | 0.9% | £130,524 |
| April 2018 | -1.2% | £129,423 |
| April 2017 | 5.8% | £130,942 |
| April 2016 | 2.8% | £123,741 |
| April 2015 | 0.5% | £120,387 |
| April 2014 | -2.3% | £119,735 |
| April 2013 | 0.9% | £122,603 |
| April 2012 | -3.7% | £121,510 |
| April 2011 | -3.5% | £126,206 |
| April 2010 | -1.2% | £130,730 |
| April 2009 | -8.1% | £132,284 |
| April 2008 | -0.6% | £143,961 |
| April 2007 | 0% | £144,815 |
The current average rental value in the postcode is £962.
The NE48 1LA Rental Market has increased by 51.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.5% | £962pcm |
| April 2025 | 9.1% | £920pcm |
| April 2024 | 7.3% | £844pcm |
| April 2023 | 6.2% | £786pcm |
| April 2022 | 11% | £740pcm |
| April 2021 | 3.5% | £667pcm |
| April 2020 | 1.4% | £644pcm |
| April 2019 | -0.9% | £636pcm |
| April 2018 | 2.2% | £641pcm |
| April 2017 | -1.2% | £627pcm |
| April 2016 | 2.5% | £635pcm |
| April 2015 | -0.9% | £620pcm |
| April 2014 | 1.3% | £625pcm |
| April 2013 | -1.5% | £618pcm |
| April 2012 | -1.5% | £627pcm |
| April 2011 | -0.8% | £637pcm |
| April 2010 | -1.6% | £642pcm |
| April 2009 | -7.4% | £652pcm |
| April 2008 | 3.1% | £704pcm |
| April 2007 | 0% | £683pcm |
The last sale was on 17th August 2018 for £220,000 and since then the market in the area has increased by 25.9%. The postcode has had a total of 1 sales since 1995.
NE48 1LA has seen no sales in the last three years and no sales in the last twelve months.
NE48 1LA is the 579th largest and the 34th most expensive postcode out of the 817 postcodes in the NE48 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around NE48 1LA, 55.6% of property is privately owned outright and 30.2% 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 NE48 1LA, 12.1% of residents are recorded as possessing school level qualifications and 43.6% 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 NE48 1LA, the average age was 48.4 and the most common age was 62.
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 NE48 1LA, 1.5% 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 NE48 1LA, there are an average of 1.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.