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Palace Road is a residential street with 5 addresses.
It ranks as the 53rd largest and 24th most expensive of the 546 streets in the NE22 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 5 properties: 5 houses.
Palace Road is a residential street with 5 addresses.
It ranks as the 53rd largest and 24th most expensive of the 546 streets in the NE22 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 5 properties: 5 houses.
Sale prices range from £50,717 for 3 bedroom freehold houses with a garden (785 ft2) to £135,927 for 3 bedroom freehold houses with a garden (914 ft2) .
Monthly rental prices range from £360 pcm for 3 bed houses to £895 pcm for 3 bed houses.
The gross rental yield is between 7.9% and 8.5%.
The average value per square foot is £66.
The last sale on Palace Road sold for £38,000 on 31st May 2018. Since then prices are up an average of 34.6%.
The current average value in the street is £85,155.
The Palace Road Sales Market has increased by 38.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.9% | £85,155 |
| May 2025 | 2.2% | £82,751 |
| May 2024 | -1.1% | £80,984 |
| May 2023 | 7.4% | £81,866 |
| May 2022 | 7.9% | £76,208 |
| May 2021 | 6.9% | £70,604 |
| May 2020 | 3.7% | £66,020 |
| May 2019 | 0.5% | £63,679 |
| May 2018 | 1.3% | £63,368 |
| May 2017 | 1.4% | £62,567 |
| May 2016 | -0.4% | £61,693 |
| May 2015 | 1.5% | £61,971 |
| May 2014 | 3.2% | £61,028 |
| May 2013 | 3% | £59,123 |
| May 2012 | -2.6% | £57,406 |
| May 2011 | -4.3% | £58,944 |
| May 2010 | -0.9% | £61,615 |
| May 2009 | -14.8% | £62,166 |
| May 2008 | -1.2% | £72,958 |
| May 2007 | 0% | £73,855 |
The current average rental value in the street is £576.
The Palace Road Rental Market has increased by 64.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 5.3% | £576pcm |
| May 2025 | 6.9% | £547pcm |
| May 2024 | 9.8% | £511pcm |
| May 2023 | 8% | £465pcm |
| May 2022 | 10.5% | £431pcm |
| May 2021 | 8.2% | £390pcm |
| May 2020 | -0.3% | £361pcm |
| May 2019 | 0.6% | £362pcm |
| May 2018 | 1.6% | £360pcm |
| May 2017 | 0.9% | £354pcm |
| May 2016 | 2.2% | £351pcm |
| May 2015 | 0% | £343pcm |
| May 2014 | 2.4% | £343pcm |
| May 2013 | -0.4% | £335pcm |
| May 2012 | 0.3% | £337pcm |
| May 2011 | -0.8% | £336pcm |
| May 2010 | 1.4% | £339pcm |
| May 2009 | -7.6% | £334pcm |
| May 2008 | 3.6% | £361pcm |
| May 2007 | 0% | £349pcm |
The last sale was on 31st May 2018 for £38,000 and since then the market in the area has increased by 34.6%. The street has had a total of 1 sales since 1995.
Palace Road, Bedlington, NE22 has seen no sales in the last three years and no sales in the last twelve months.
Palace Road, Bedlington, NE22 is the 53rd largest and the 24th most expensive street in the NE22 area.
There are 2 postcodes on Palace Road, Bedlington, NE22.
The closest station to Palace Road, Bedlington, NE22 is Bedlington station which is 100 metres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Palace Road, Bedlington, NE22, 40.0% of property is privately owned outright and 29.0% is privately owned with a mortgage.
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 Palace Road, Bedlington, NE22, 16.7% of residents are recorded as possessing school level qualifications and 20.4% 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 Palace Road, Bedlington, NE22, the average age was 42.2 and the most common age was 57.
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 Palace Road, Bedlington, NE22, 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 Palace Road, Bedlington, NE22, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.