NE40 (Ryton) area guide

NE40
Ryton
The NE40 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Barmoor, Blaydon, Clara Vale, Coalburns, Crawcrook, Crawcrook and Greenside, Greenside, Ryton, Ryton, Crookhill and Stella, Westburn, Woodside.
N/A
N/A


Notes:

A Mouseprice property guide for NE40 Ryton is coming soon. In the meantime, please have a look at the raw data and statistics about NE40 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Newcastle-upon-Tyne propertyThe size of the property market in NE40 is 6967 homes.

Newcastle-upon-Tyne propertyThe postcode district NE40 has been experiencing annual growth of 11.5% over the last 5 years excluding the effect of inflation. This growth rate tends to indicatea dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Newcastle-upon-Tyne propertyDuring the last 3 months, property in this postcode district has averaged a value of £136991.

Newcastle-upon-Tyne propertySince most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 6.6.

Newcastle-upon-Tyne propertyNew transactions as a percentage of overall sales are 3.4%.

Housing stock:

Ryton propertySemi- Detached Houses make up the most significant portion of the housing stock, representing 39.3% of the total.

Ryton propertyFor those buyers keen to purchase Flats, this would not be an ideal area, because only 6.6% are this type. alt="Ryton property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 20.9%.

Ryton propertyThe majority of property in this area is owner occupied.

Ryton propertyThe average price of a two bed property in this area is less that the national average of £187894 at £123009.

Who lives here:

Ryton propertyRyton propertyThe average age in this area is 39.
Ryton propertyThis area has a high percentage of married people at 25.1%.
Ryton propertyAverage working hours in this area for men are 42 and for women are 31.
Ryton propertyThis area has 11.8 people per square kilometre.
Ryton propertyThe largest source of work in this area is Wholesale & Retail (17.4% of workers), followed by Construction (14.1%).