Residential dwellings
14,702
Addressable residential units in the area (OS AddressBase).
NE2 rents and yields
Asking rent £1,799/month · Gross yield 7.8% · 12 months, listings to Sep 2026
What is NE2?
NE2: residential dwellings 14,702.
HMO-shaped dwellings
6.9%
NE2 has the highest HMO-shaped dwellings of the 8 neighbouring postcode districts compared.
Share of dwellings OS AddressBase classifies RH01/RH02/RH03: laid out as a house in multiple occupation. A statement about built form, not about a licence.
- Buildings
- 6,281
- Mixed-use buildings
- 2.8%
- HMO-shaped units
- 6.3%
- EPC A or B
- 4.9%
- EPC D or worse
- 54%
What does NE2 earn?
NE2: asking rent £1,799/month (12 months to Sep 2026, 4,125 lets).
Asking rent
£1,799/month 12 months to Sep 2026
4,125 lets
Median asking rent per calendar month of residential lettings in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 4,125 lets.
Gross yield, asking basis
7.8% 12 months to Sep 2026
5,976 lets
+8.4% on the previous 12 months.
Cell asking rent × 12 over the same cell's asking sale price, before costs, voids and finance (cells with fewer than 5 dated listings are not built). 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 5,976 lets.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
2,011 on 4 Nov 2026
Count of live residential lettings on the day, from portal listings; observed forwards from 5 Sep 2026. The count on 4 Nov 2026; the daily series began on 5 Sep 2026, so no change over a year is stated.
How does NE2 vary by home size?
Asking rent in NE2 runs from £704/month for 1 bedroom to £3,442/month for 5+ bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £704/month | 12 months to Sep 2026 | -12.5% on the previous 12 months | 1442 |
| 2 bedrooms | £1,195/month | 12 months to Sep 2026 | +3.7% on the previous 12 months | 1300 |
| 3 bedrooms | £1,698/month | 12 months to Sep 2026 | +4.2% on the previous 12 months | 900 |
| 4 bedrooms | £2,213/month | 12 months to Sep 2026 | +4.8% on the previous 12 months | 451 |
| 5+ bedrooms | £3,442/month | 12 months to Sep 2026 | +2.5% on the previous 12 months | 1710 |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, within the last 12 calendar months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns NE2?
Corporate landlords hold 84% of the 698 units in NE2 whose freeholder is classified; 96% of all units are not yet classified.
- Corporate landlords84% of classified · 587 units
- Individuals (not traceable in bulk)12% of classified · 85 units
- RMC2.4% of classified · 17 units
- Housing associations1.3% of classified · 9 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does NE2 rank?
NE2 ranks 1st of 8 postcode districts in Newcastle upon Tyne for asking rent, at £1,799/month.
Asking rent · postcode districts in Newcastle upon Tyne
NE2 ranks 1st of 8 postcode districts in Newcastle upon Tyne for asking rent, at £1,799/month.
| # | Area | Asking rent | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | NE2 | £1,799/month | 12 months to Sep 2026 · from monthly figures | 4,125 | measured |
| 2 | NE13 | £1,249/month | 12 months to Sep 2026 · from monthly figures | 204 | measured |
| 3 | NE6 | £1,206/month | 12 months to Sep 2026 · from monthly figures | 1,517 | measured |
| 4 | NE7 | £1,070/month | 12 months to Sep 2026 · from monthly figures | 196 | measured |
| 5 | NE3 | £1,060/month | 12 months to Sep 2026 · from monthly figures | 773 | measured |
Full table: asking rent across postcode districts in Newcastle upon Tyne
Gross yield, asking basis · postcode districts in Newcastle upon Tyne
NE2 ranks 2nd of 8 postcode districts in Newcastle upon Tyne for gross yield, asking basis, at 7.8%.
| # | Area | Gross yield, asking basis | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | NE1 | 8.1% | 12 months to Sep 2026 · from monthly figures | 8,871 | measured |
| 2 | NE2 | 7.8% | 12 months to Sep 2026 · from monthly figures | 5,976 | measured |
| 3 | NE6 | 7.6% | 12 months to Sep 2026 · from monthly figures | 1,942 | measured |
| 4 | NE4 | 6.2% | 12 months to Sep 2026 · from monthly figures | 4,361 | measured |
| 5 | NE5 | 5.6% | 12 months to Sep 2026 · from monthly figures | 437 | measured |
Full table: gross yield, asking basis across postcode districts in Newcastle upon Tyne
Where next from NE2?
- Newcastle upon TyneThe wider market this area sits in.
- NE1Neighbouring postcode district · Asking £1,997/m² · Sep 2026
- NE13Neighbouring postcode district · Asking £2,764/m² · Sep 2026
- NE3Neighbouring postcode district · Asking £2,928/m² · Sep 2026
- NE4Neighbouring postcode district · Asking £2,085/m² · Sep 2026
- NE5Neighbouring postcode district · Asking £2,399/m² · Sep 2026
- NE6Neighbouring postcode district · Asking £2,182/m² · Sep 2026
- NE7Neighbouring postcode district · Asking £2,867/m² · Sep 2026
- NE8Next door, in another authority · Asking £1,496/m² · Sep 2026
- NE12Next door, in another authority · Asking £2,553/m² · Sep 2026
- NE15Next door, in another authority · Asking £2,231/m² · Sep 2026
- NE10Next door, in another authority · Asking £1,712/m² · Sep 2026
- NE28Next door, in another authority · Asking £2,089/m² · Sep 2026
Questions about NE2
- What is the average rent in NE2?
- Homes to let in NE2 asked a median £1,799/month over the 12 months to Sep 2026, 4,125 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in NE2?
- 7.8% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Sep 2026, 5,976 lets. +8.4% on the previous 12 months.
- What kind of homes are in NE2?
- NE2 has 14,702 homes, 6.9% laid out as houses in multiple occupation.
Construction costs Context for residential research
Sector and regional evidence. These figures are not a quote for an individual property.
Reading the cost index and the regional factors…
Everything else about NE2
- Property values in NE2Every addressable home with its floor area, tenure and last recorded sale.
- Land and development sites in NE2Registered land with its area, tenure and what stands on it.
- Houses and flats for sale in NE2What is on the market right now, with the evidence beside each asking price.
- Flats and houses to rent in NE2What is available to rent, with the recorded rent and yield beside each asking price.
- Sold house prices in NE2Registered completions from Price Paid, newest first.
- Planning applications in NE2What was proposed, who decided it and whether it was approved.
- Estate agents in NE2Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Residential dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| HMO-shaped dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| Asking rent | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 4,125 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 5,976 lets |
| Homes to rent | Portal listings; observed forwards from 5 Sep 2026 | on 4 Nov 2026 | 4 Nov 2026 | — |