NE15 (Newcastle Upon Tyne) area guide

NE15
Newcastle Upon Tyne
The NE15 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Benwell, Benwell and Scotswood, Blucher, Chudleigh, Denton Burn, East Tynedale, Elswick, Fenham, Harlow Hill, Heddon On The Wall, Heddon-On-The-Wall, Horsley, Lemington, Newburn, Newcastle Upon Tyne, North Walbottle, Northumberland, Ouston, Ponteland South, Ponteland West, Ryton, Crookhill and Stella, Scotswood, South Denton, Stamfordham, Throckley, Walbottle, West Denton, Westway Industrial Park, Wylam.
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Notes:

A Mouseprice property guide for NE15 Newcastle Upon Tyne is coming soon. In the meantime, please have a look at the raw data and statistics about NE15 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 NE15 is 15433 homes.

Newcastle-upon-Tyne propertyWhen growth averages 11.5% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isa 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 propertyAverage property prices in this postcode district over the last three months have been approximately £117667.

Newcastle-upon-Tyne propertyWhen examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 7.2.

Newcastle-upon-Tyne propertyNew transactions as a percentage of overall sales are 2.3%.

Housing stock:

Newcastle Upon Tyne propertySemi- Detached Houses make up the most significant portion of the housing stock, representing 48.4% of the total.

Newcastle Upon Tyne propertyFor those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 11.1% are this type.

Newcastle Upon Tyne propertyA high proportion of property in this area is socially rented.

Newcastle Upon Tyne propertyThe majority of property in this area is owner occupied.

Newcastle Upon Tyne propertyThe average price of a two bed property in this area is less that the national average of £187894 at £128162.

Who lives here:

Newcastle Upon Tyne propertyThere are 16709 men and 17823 women in this postcode district.
Newcastle Upon Tyne propertyThe average age in this area is 38.
Newcastle Upon Tyne propertySingle people make up 29.7% of the population in this postcode district.
Newcastle Upon Tyne propertyAverage working hours in this area for men are 41 and for women are 31.
Newcastle Upon Tyne propertyThis area has 6.6 people per square kilometre.
Newcastle Upon Tyne propertyThe largest source of work in this area is Wholesale & Retail (17.5% of workers), followed by Construction (13.2%).