Across our own managed portfolio, two-beds are averaging exactly that right now - real, achieved rents, not estimates. You might be undercharging.

📍 Real rents, by bedroom count

By bedroomsAvg. rent achievedSample
2 bed£69325 properties
3 bed£78830 properties

These are genuinely large samples across the city - from Fenham and Heaton to Walker and beyond.

📈 Real rent increases we've just pushed through

Here are five examples from the fifteen rent reviews we've completed for Newcastle landlords since August, averaging a 5.1% increase overall - real increases, already agreed:

Area / bedsPrevious rentNew rentIncrease
NE4, 2 bed£530£582+9.8%
NE15, 3 bed£695£760+9.4%
NE3, 2 bed£640£695+8.6%
NE6, 3 bed£875£920+5.1%
NE5, 2 bed£745£750+0.7%

Average across 15 completed reviews since August: +5.1%, ranging 0.7% to 10.0%.

Worth noting: all of these went through under the Renters' Rights Act, which came into force on 1st May. Rent review clauses no longer work, and Section 13 - a formal notice, Form 4A, with two months' notice - is now the only legal route to a rent increase. The process has changed, but as these reviews show, it hasn't stopped landlords from getting a fair increase when the numbers justify it.

📊 The citywide numbers

Newcastle's average house price is up 6.7% this year, and rent has grown even faster, up 9.8%.

Avg. house priceAvg. rent (pcm)Best yield: flats
£209,000 (↑ 6.7% year-on-year)£1,207 (↑ 9.8% year-on-year)9.2% (Est. gross yield)

Here's how that breaks down by property type:

💷 Buy-to-let snapshot by property type

TypeAvg. priceAvg. rentEst. yield
Flat£129,000£9879.2%
Terraced£208,000£1,2857.4%
Semi-detached£239,000£1,2556.3%
Detached£403,000£1,6865.0%

Estimated gross yield, calculated from average price and average rent by property type. Excludes costs, fees, and void periods.

🏠 Investment opportunity we're marketing

Several of the rent reviews above were in NE4 - the same postcode as the property below.

3 Bed Terraced House, Acanthus Avenue, Fenham, Newcastle upon Tyne — Offers over £124,950 — Investment Potential. Freehold, no chain, EPC available - ideal for investors expanding their portfolio.

For more properties we're marketing in Newcastle, visit nguhomes.co.uk.

That's what making money from property in Newcastle actually looks like right now - real rent increases, on real properties, not just a market average. If you'd like to talk through your rent, a purchase, or your wider portfolio, just reply and I'll go through the numbers with you.