NE48 3LJ is a residential postcode situated on North Terrace, Wark, Hexham, NE48 with 5 addresses.
It ranks as the 541st largest and 244th most expensive of the 817 postcodes in the NE48 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 5 properties: 5 houses.
NE48 3LJ is a residential postcode situated on North Terrace, Wark, Hexham, NE48 with 5 addresses.
It ranks as the 541st largest and 244th most expensive of the 817 postcodes in the NE48 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 5 properties: 5 houses.
Sale prices range from £175,615 for 2 bedroom freehold houses with a garden (699 ft2) to £426,479 for 4 bedroom freehold houses with a garden (1,593 ft2) .
Monthly rental prices range from £1,083 pcm for 2 bed houses to £1,799 pcm for 4 bed houses.
The gross rental yield is between 5.1% and 7.4%.
The average value per square foot is £247.
The last sale in NE48 3LJ sold for £125,000 on 8th June 1998. Since then prices are down an average of 0.0%.
The current average value in the postcode is £267,315.
The NE48 3LJ Sales Market has increased by 42.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.7% | £267,315 |
| April 2025 | 3.1% | £255,362 |
| April 2024 | 1.6% | £247,612 |
| April 2023 | 4% | £243,777 |
| April 2022 | 5.8% | £234,334 |
| April 2021 | 6% | £221,420 |
| April 2020 | 2% | £208,955 |
| April 2019 | 1.2% | £204,794 |
| April 2018 | -1.7% | £202,444 |
| April 2017 | 10% | £206,021 |
| April 2016 | 3.7% | £187,234 |
| April 2015 | 0.9% | £180,498 |
| April 2014 | -1.3% | £178,886 |
| April 2013 | 2.8% | £181,228 |
| April 2012 | -6.4% | £176,244 |
| April 2011 | -2.6% | £188,395 |
| April 2010 | 2.4% | £193,514 |
| April 2009 | -7.2% | £188,941 |
| April 2008 | -2.2% | £203,632 |
| April 2007 | 0% | £208,116 |
The current average rental value in the postcode is £1,334.
The NE48 3LJ Rental Market has increased by 60.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.7% | £1,334pcm |
| April 2025 | 9.5% | £1,274pcm |
| April 2024 | 7.1% | £1,163pcm |
| April 2023 | 7.3% | £1,086pcm |
| April 2022 | 11.8% | £1,012pcm |
| April 2021 | 4.9% | £905pcm |
| April 2020 | 1.6% | £863pcm |
| April 2019 | -0.5% | £849pcm |
| April 2018 | 3.4% | £853pcm |
| April 2017 | -0.7% | £825pcm |
| April 2016 | 3.4% | £831pcm |
| April 2015 | -0.2% | £804pcm |
| April 2014 | 2.6% | £806pcm |
| April 2013 | -0.9% | £785pcm |
| April 2012 | -1.2% | £792pcm |
| April 2011 | -0.1% | £802pcm |
| April 2010 | -0.6% | £803pcm |
| April 2009 | -7.3% | £808pcm |
| April 2008 | 3.9% | £871pcm |
| April 2007 | 0% | £838pcm |
The last sale was on 8th June 1998 for £125,000 and since then the market in the area has remained stable. The postcode has had a total of 1 sales since 1995.
NE48 3LJ has seen no sales in the last three years and no sales in the last twelve months.
NE48 3LJ is the 541st largest and the 244th most expensive postcode out of the 817 postcodes in the NE48 area.
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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 NE48 3LJ, 42.9% of property is privately owned outright and 30.4% 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 3LJ, 11.1% of residents are recorded as possessing school level qualifications and 31.0% 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 3LJ, 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 3LJ, 2.6% 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 3LJ, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.