Newcastle upon Tyne rental market report
A data-led look at the Newcastle upon Tyne rental market — rents, yields, demand and the trends shaping Tyne and Wear.
Newcastle upon Tyne at a glance
The Newcastle upon Tyne rental market in Tyne and Wear is active and competitive, with average rents around £1,380 pcm and rents up roughly 6.5% over the past year. Strong commuter links and local employment keep demand from tenants consistently ahead of available supply across NE1, NE2, NE4.
Average rent
£1,380 pcm
Average price
£505,000
Gross yield
5%
Rent growth (1yr)
+6.5%
Tenant demand
High
Avg. void period
18 days
Average rents by property type
| Property type | Average rent (pcm) | Per year |
|---|---|---|
| Room / HMO | £564 | £6,768 |
| 1-bed flat | £1,075 | £12,900 |
| 2-bed flat | £1,344 | £16,128 |
| 3-bed house | £1,720 | £20,640 |
| 4-bed house | £2,218 | £26,616 |
Demand insights
Tenant demand in Newcastle upon Tyne is currently high. Well-presented, compliant homes typically let within 18 days, and verified tenants on DR Rent are matched to suitable Newcastle upon Tyne properties as soon as they list.
Market trends
- Rents in Newcastle upon Tyne are up around 6.5% year on year.
- Average property prices have changed by about 3.2% over 12 months.
- High demand is keeping average void periods near 18 days.
- Compliance standards under the Renters' Rights Act are reshaping the Tyne and Wear market.
Related guides
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