Newcastle, are you undercharging for a 3-bed?

At NGU Homes, 3-beds are averaging £829 a month right now - real, achieved rents, not estimates. If yours is lower, you might be undercharging.

📍 Real rents, by bedroom count

Our Newcastle tenancies run from Benwell and Fenham to Heaton, Gosforth and Lemington.

📈 Real rent increases we’ve just pushed through

Here are five examples from the seventeen rent reviews we’ve completed for Newcastle landlords since August, averaging a 5.4% increase overall - real increases, already agreed:

Increases across all 17 reviews ranged from 0.6% to 10.0%.

📍 Managed locally, wherever you are

Every rent review above was handled start to finish by our own team on the ground in the North East - the tenant conversation, the Section 13 notice, the paperwork. If you’re not local yourself, that’s the whole point: you get the return, and we handle the hassle. It’s a settled portfolio, too: 56% of our current Newcastle tenancies have already run for two years or more, and the average so far is over four years.

📊 The citywide numbers

Newcastle’s average house price is up 4.1% this year, and rent has grown even faster, up 9.3%. These citywide figures cover every private rental in Newcastle, including areas like Jesmond and the city centre where we manage few or no properties, so they run higher than our own averages above.

Here’s how that breaks down by property type:

💷 Buy-to-let snapshot by property type

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

🏠 Investment opportunity we’re marketing

One of the rent reviews above was in NE4 - the same postcode as the property below.

3 Bed Terraced House, Acanthus Avenue, Fenham, Newcastle upon Tyne, NE4 — Offers over £124,950 — Investment Potential

For more properties we’re marketing across 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, or call our Tyne & Wear team on 0191 491 0344.