NE8 3HJ is a residential postcode situated on Milton Square, Gateshead, NE8 with 37 addresses.
It ranks as the 764th largest and 257th most expensive of the 1,009 postcodes in the NE8 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 37 properties: 36 houses and 1 flat.
NE8 3HJ is a residential postcode situated on Milton Square, Gateshead, NE8 with 37 addresses.
It ranks as the 764th largest and 257th most expensive of the 1,009 postcodes in the NE8 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 37 properties: 36 houses and 1 flat.
Sale prices range from £45,753 for 1 bedroom leasehold flats (452 ft2) to £152,814 for 3 bedroom freehold houses with a garden (957 ft2) .
Monthly rental prices range from £465 pcm for 1 bed flats to £1,323 pcm for 3 bed houses.
The gross rental yield is between 10.4% and 12.2%.
The average value per square foot is £104.
The last sale in NE8 3HJ sold for £110,000 on 10th November 2023. Since then prices are up an average of 4.5%.
The current average value in the postcode is £95,365.
The NE8 3HJ Sales Market has increased by 18.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.1% | £95,365 |
| April 2025 | 2.3% | £94,331 |
| April 2024 | -0.2% | £92,248 |
| April 2023 | 4.6% | £92,456 |
| April 2022 | 4% | £88,396 |
| April 2021 | 2.8% | £85,035 |
| April 2020 | 0.7% | £82,724 |
| April 2019 | 0% | £82,125 |
| April 2018 | 1.2% | £82,147 |
| April 2017 | 0.7% | £81,148 |
| April 2016 | 1.7% | £80,589 |
| April 2015 | 1.5% | £79,239 |
| April 2014 | 3.3% | £78,067 |
| April 2013 | -0.3% | £75,577 |
| April 2012 | -1.5% | £75,779 |
| April 2011 | -2.9% | £76,922 |
| April 2010 | 0.5% | £79,221 |
| April 2009 | -12% | £78,855 |
| April 2008 | -1.3% | £89,631 |
| April 2007 | 0% | £90,799 |
The current average rental value in the postcode is £931.
The NE8 3HJ Rental Market has increased by 52.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.3% | £931pcm |
| April 2025 | 4.7% | £902pcm |
| April 2024 | 9.2% | £861pcm |
| April 2023 | 9.8% | £788pcm |
| April 2022 | 11% | £718pcm |
| April 2021 | 2.2% | £647pcm |
| April 2020 | 2.3% | £633pcm |
| April 2019 | 0.1% | £618pcm |
| April 2018 | -0.3% | £618pcm |
| April 2017 | 1.4% | £620pcm |
| April 2016 | 1.3% | £611pcm |
| April 2015 | 1.2% | £604pcm |
| April 2014 | 1.3% | £596pcm |
| April 2013 | 0.7% | £589pcm |
| April 2012 | -0.9% | £585pcm |
| April 2011 | 1.4% | £590pcm |
| April 2010 | 0.2% | £582pcm |
| April 2009 | -3.4% | £581pcm |
| April 2008 | 2.9% | £601pcm |
| April 2007 | 0% | £584pcm |
The last sale was on 10th November 2023 for £110,000 and since then the market in the area has increased by 4.5%. The postcode has had a total of 21 sales since 1995.
NE8 3HJ has seen 2 sales in the last three years and no sales in the last twelve months.
NE8 3HJ is the 764th largest and the 257th most expensive postcode out of the 1,009 postcodes in the NE8 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 NE8 3HJ, 30.5% of property is socially rented and 27.3% 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 NE8 3HJ, 16.1% of residents are recorded as possessing school level qualifications and 20.5% 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 NE8 3HJ, the average age was 35.8 and the most common age was 27.
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 NE8 3HJ, 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 NE8 3HJ, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.