Jesmond, Spital Tongues

House Prices in NE2

Properties in NE2 have an average house price of £337,957.00 and had 1176 Property Transactions within the last 3 years.
The most expensive property was sold for £5,350,000.00.

Property Price Paid in NE2 by Year

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The average sold property price by year was:

Year Average Sold Price Sold Properties
2026 £323,695.00 134 Properties
2025 £350,742.00 346 Properties
2024 £337,844.00 346 Properties
2023 £330,891.00 350 Properties
2022 £380,425.00 395 Properties
2021 £371,969.00 486 Properties
2020 £304,379.00 304 Properties
2019 £286,639.00 307 Properties
2018 £273,394.00 367 Properties
2017 £261,985.00 404 Properties
2016 £292,492.00 405 Properties
2015 £275,773.00 407 Properties
2014 £255,980.00 392 Properties
2013 £239,319.00 263 Properties
2012 £247,618.00 240 Properties
2011 £260,362.00 277 Properties
2010 £251,758.00 236 Properties
2009 £232,569.00 281 Properties
2008 £267,705.00 276 Properties
2007 £239,978.00 574 Properties
2006 £224,061.00 630 Properties
2005 £211,480.00 543 Properties
2004 £222,225.00 575 Properties
2003 £197,562.00 601 Properties
2002 £154,952.00 741 Properties
2001 £124,992.00 782 Properties
2000 £110,333.00 707 Properties
1999 £95,911.00 770 Properties
1998 £83,947.00 682 Properties
1997 £75,068.00 737 Properties
1996 £69,970.00 647 Properties
1995 £70,238.00 454 Properties

Property Price per Property Type in NE2

Here you can find historic sold price data in order to help with your property search.

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The average Property Paid Price for specific property types in the last three years are:

Property Type Average Sold Price Sold Properties
Detached House £1,124,604.00 24 Detached Houses
Flat £226,398.00 728 Flats
Semi Detached House £610,775.00 88 Semi Detached Houses
Terraced House £452,028.00 336 Terraced Houses

Houses and Flats for sale in NE2, Jesmond, Spital Tongues

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There are 115 results. Property prices in NE2 range from £98k to £1.77M with an average price of £365k.


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Property market in NE2

Average asking price £350k typical £240k
Most prices £90k – £1.74M leaving out the extremes
Homes for sale 115 29 more under offer
New to the market 47 in the last 30 days
Typical time to sell 8 weeks last 12 months
Asking prices, year on year −5.8% homes newly listed
Gross rental yield 10.7–11.1% houses 11.1%, flats 10.7%

What's for sale

126 homes · share, count and typical price
Flats and apartments 73.0% 92 · £190k
Terraced houses 13.5% 17 · £500k
Detached houses 5.6% 7 · £1.45M
Other homes 4.8% 6 · £333k
Semi-detached houses 2.4% 3 · £650k
Bungalows 0.8% 1 · £450k

How many bedrooms

share, count and typical price
1 bedroom 12.0% 15 · £140k
2 bedrooms 46.4% 58 · £170k
3 bedrooms 17.6% 22 · £340k
4 bedrooms 8.0% 10 · £407k
5+ bedrooms 16.0% 20 · £840k

Price bands

126 homes
Under £150k 15.9% 20
£150k – £200k 23.8% 30
£200k – £280k 19.8% 25
£280k – £480k 23.0% 29
£480k and over 17.5% 22

Houses and flats compared

HousesFlats
Share of homes for sale22%73%
Typical asking price£573k£190k
Average bedrooms4.92.3
Typical time to sell8 weeks8 weeks
Gross rental yield11.1%10.7%

Asking prices over time

typical asking price of the homes first listed each quarter · −8.3% since 2024 Q4 Median asking price per quarter in NE2 2024 Q4: £273k (120 new listings) £273k 2024 Q4 2025 Q1: £285k (135 new listings) £285k 2025 Q1 2025 Q2: £265k (172 new listings) £265k 2025 Q2 2025 Q3: £220k (135 new listings) £220k 2025 Q3 2025 Q4: £250k (89 new listings) £250k 2025 Q4 2026 Q1: £245k (132 new listings) £245k 2026 Q1 2026 Q2: £260k (156 new listings) £260k 2026 Q2 2026 Q3: £250k (158 new listings) £250k 2026 Q3

Prices in and around NE2

typical asking price, cheapest first
  1. NE1 £140k
  2. NE4 £171k
  3. NE6 £175k
  4. NE3 £225k
  5. NE2 £240k
  6. NE7 £298k

Schools in NE2

3 primary · 0 secondary · 75% rated good or outstanding
  • West Jesmond Primary National Teaching School primary · Outstanding
  • St Catherine's RC Primary School primary · Good
  • Christ Church CofE Primary School primary · Good

Based on 126 homes for sale on Houses now, 514 listings that left the market in the last 12 months, the asking prices of the homes listed over the last two years. Sold prices: HM Land Registry Price Paid Data, Aug 2025 to Jul 2026 (Crown copyright). Schools: Ofsted. Updated October 2026.


Frequently Asked Questions about NE2


What is the average house price in NE2?

The average home for sale in NE2 is priced at £350,000. A few very expensive homes pull that average up, so a more typical price is £240,000. This is based on the 126 homes for sale on Houses right now.


How much does a 2 or 3 bedroom home cost in NE2?

A typical 2-bedroom home in NE2 costs £170,000 and a 3-bedroom home £340,000. So the extra bedroom adds about £170,000. 1-bedroom homes start at around £140,000, and 4-bedroom homes are about £407,000.


What price range should I expect in NE2?

Most homes in NE2 are priced between £90,000 and £1.74 million, leaving out the very cheapest and most expensive. One in five costs less than £150,000, and one in five £480,000 or more.


How many homes are for sale in NE2?

There are 115 homes for sale in NE2 on Houses right now, plus 29 already under offer. 47 new listings came onto the market in the last 30 days.


Are house prices going up in NE2?

No, they are falling. Homes put up for sale in NE2 over the last 12 months were advertised at a typical £245,000, 5.8% lower than the year before (£260,000). By size, 3-bedroom homes are down 7%.


How long does it take to sell a home in NE2?

Homes usually sell or come off the market within about 8 weeks. About 35% go within the first month, and a quarter take longer than about 5 months.


What rental yield can I get in NE2?

About 11.1% gross for houses and 10.7% for flats. That compares typical rents with what houses and flats actually sold for in NE2 over the last year. Running costs, voids and mortgage interest are not taken off.


What type of homes are for sale in NE2?

Flats and apartments are the most common, about three quarters of homes for sale in NE2. Terraced houses come next, followed by detached houses. Flats and apartments are the cheapest, at about £190,000, and detached houses the most expensive, at about £1.45 million.


Where are the cheapest places to buy near NE2?

Of the areas around NE2, NE1 is the cheapest, with a typical asking price of £140,000, followed by NE4 (£171,000) and NE6 (£175,000). NE2 itself is £240,000.


Are homes in NE2 freehold or leasehold?

About a third of homes for sale in NE2 are freehold and the rest leasehold, which is mostly flats. There is 1 new-build home on the market too.


What are the schools like in NE2?

There are 3 primary and 0 secondary schools in NE2. 75% of those inspected by Ofsted were rated good or outstanding, and 1 was outstanding.


Which areas are included in the NE2 postcode district?

The main areas within NE2 include Jesmond and Spital Tongues.


What has been the average sold property price in NE2 over the last three years?

Flats in NE2 have an average sold price of £226,398, while Terraced Houses have an average of £452,028. Semi Detached Houses have an average of £610,775 and Detached Houses have an average of £1,124,604. The average sold property price in NE2 over the last three years is approximately £337,427.


Which train stations are available in NE2?

The train stations available in NE2 are Blaydon Station and Cramlington Station.