marketcodeAsking rent
£1,796 a month 12 months to Jul 2026
4,087 lets
Postcode district
NE2 rental market
Asking rent £1,796 a month · Gross yield 7.9% · 12 months, listings to Aug 2026
What is NE2?
- Buildings
- 5,727
- Mixed-use buildings
- 2.6%
- HMO-shaped units
- 6.4%
What does NE2 earn?
NE2: asking rent £1,796 a month (12 months to Jul 2026, 4,087 lets).
Gross yield, asking basis
7.9% 12 months to Aug 2026
5,881 lets
+9.8% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
693 on 20 Sep 2026
How does NE2 vary by home size?
Asking rent in NE2 runs from £706 a month for 1 bedroom to £3,414 a month for 5+ bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £706 a month | 12 months to Aug 2026 | -11.7% on the previous 12 months | 1442 |
| 2 bedrooms | £1,199 a month | 12 months to Aug 2026 | +4.6% on the previous 12 months | 1278 |
| 3 bedrooms | £1,705 a month | 12 months to Aug 2026 | +4.7% on the previous 12 months | 847 |
| 4 bedrooms | £2,202 a month | 12 months to Aug 2026 | +4.3% on the previous 12 months | 450 |
| 5+ bedrooms | £3,414 a month | 12 months to Aug 2026 | +2.7% on the previous 12 months | 1685 |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, over the last 12 observed 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 £1,796 a month.
Asking rent · postcode districts in Newcastle upon Tyne
NE2 ranks 1st of 8 postcode districts in Newcastle upon Tyne for asking rent, at £1,796 a month.
| # | Area | Asking rent | Sample | Tier |
|---|---|---|---|---|
| 1 | NE2 | £1,796 a month | 4,087 | measured |
| 2 | NE13 | £1,222 a month | 212 | measured |
| 3 | NE6 | £1,213 a month | 1,472 | measured |
| 4 | NE7 | £1,082 a month | 192 | measured |
| 5 | NE3 | £1,081 a month | 764 | 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 7.9%.
| # | Area | Gross yield, asking basis | Sample | Tier |
|---|---|---|---|---|
| 1 | NE1 | 8.1% | 8,874 | measured |
| 2 | NE2 | 7.9% | 5,881 | measured |
| 3 | NE6 | 7.6% | 1,919 | measured |
| 4 | NE4 | 6.3% | 4,440 | measured |
| 5 | NE5 | 5.6% | 426 | 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 · £2,554/m²
- NE13Neighbouring postcode district · £2,913/m²
- NE3Neighbouring postcode district · £2,648/m²
- NE4Neighbouring postcode district · £2,364/m²
- NE5Neighbouring postcode district · £2,024/m²
- NE6Neighbouring postcode district · £1,949/m²
- NE7Neighbouring postcode district · £2,788/m²
- NE8Next door, in another authority · £1,729/m²
- NE12Next door, in another authority · £3,141/m²
- NE15Next door, in another authority · £2,308/m²
- NE10Next door, in another authority · £2,819/m²
- NE28Next door, in another authority · £2,298/m²
Questions about NE2
- What is the average rent in NE2?
- Homes to let in NE2 asked a median £1,796 a month over the 12 months to Jul 2026, 4,087 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in NE2?
- 7.9% 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 Aug 2026, 5,881 lets. +9.8% on the previous 12 months.
Everything else about NE2
- Properties in NE2Every addressable home with its floor area, tenure and last recorded sale.
- Buildings in NE2Footprints, heights and the units inside them.
- Land and plots in NE2Registered parcels with their area, tenure and what stands on them.
- Homes for sale in NE2What is on the market right now, with the evidence beside each asking price.
- Homes to rent in NE2What is available to rent, with the recorded rent and yield beside each asking price.
- Recent house sales in NE2Registered completions from Price Paid, newest first.
- Planning applications in NE2What was proposed, who decided it and whether it was approved.
- Estate agents active in NE2Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Asking rent | MarketCode market evidence | 12 months to Jul 2026 | Jul 2026 | 4,087 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 5,881 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 20 Sep 2026 | 20 Sep 2026 | — |