Tyne and Wear rents vary by £76 from Metro station to station

  • Moving just one Metro stop saves you an average £76 every month – and could save you as much as £579.
  • Jesmond is most expensive place to rent outside of central Newcastle – Byker is still cheapest.


This month’s Tyne and Wear Rent Map from property firm KIS – which shows what the Metro Map would look like if the names of the stations were replaced with the average monthly cost of renting a home there – shows rents varying by an average of £76 from station to station.

Jesmond (£808) beats Tynemouth (£738) to become most expensive place outside of central Newcastle to rent, followed by West Jesmond (£726) and South Gosforth (£700).

Whitley Bay (£650) drops out of this month’s top five expensive places to rent having being fourth most expensive in February. Gateshead (£700) which fell to seventh two months ago returns to the top five in its place.

Byker (£393) is once again the cheapest place to rent, followed by Tyne Dock (£399), Wallsend (£412), Heworth and South Shields (£413) and Fellgate (£425).

The map shows the typical cost per month of renting a two-bedroom property within a quarter of a mile of every one of the Metro’s 60 stations – revealing which areas are Tyne and Wear’s property hotspots and where renters can find a bargain.

The research shows that the biggest single change in rent from station to station continues to occur between Manors and Byker, with a price difference of £579 a month.

The research shows that excluding central Newcastle, the top five most expensive places to rent in Tyne and Wear on a per calendar month basis (last report’s position in brackets) are:

  1. Jesmond (2) – £808
  2. Tynemouth (3) – £738
  3. West Jesmond (1) – £726
  4. Gateshead/South Gosforth (-/5) – £700
  5. Ilford Road (-) – £673

The cheapest five areas to rent on the other hand are:

  1. Byker (1) – £393
  2. Tyne Dock (5) – £399
  3. Wallsend (-) – £412
  4. Heworth/South Shields (4/-)- £413
  5. Meadow Well/Fellgate(-/-) – £425

The largest differences from station to station are:

  1. £579 (Manors to Byker)
  2. £250 (St James to Monument)
  3. £238 (Tynemouth to North Shields)
  4. £190 (Tynemouth to Cullercoats)
  5. £184 (Manors to St James)

Ajay Jagota, Managing Director of KIS and founder of insurance backed deposit-free renting solution D_Lighted responded to the figures:

He said:

“Newcastle has this week been named one of the places where it pays most to buy instead of renting, but if you’re looking to save up the deposit you need to do that it will really help to know where to get the best value rent possible.

“Like every month you can’t help but be amazed by the changes in rent from station to station across the Metro system – just look at the difference of £115 between Bede and Jarrow. It’s just a two minutes by train but a difference of almost £1400 a year in rent.

“What’s also really noticeable is how much average rents can change in an area from month to month. With such a highly-focussed analysis such as ours there’s bound to be a little volatility in the figures, but you can’t ignore the fact that out of the five cheapest places to rent in Tyne and Wear, four weren’t in that list last time we collected this data.

“At the other end of the spectrum, we’ve had months when prices in Jesmond and West Jesmond are all-but identical. This month there’s a difference of £82. Even in our more expensive areas there are bargains to be had if you know where to look.

“These aren’t the only expenses you need to consider with renting either. Rental despot costs can be one-and-a-half times the monthly rent, and even though agents now need to be more transparent with fees, you’ll need to have the cash to cover other move-in costs besides.”

You May Also Enjoy

Estate Agent Talk

Top Tps For Buying Your First Property

Buying your first property is an exciting milestone, but it can also be overwhelming. With the right knowledge and preparation, you can navigate the process smoothly and make informed decisions. Here are some top tips for first-time property buyers in the UK, designed to be simple and easy to understand. Top Tps For Buying Your…
Read More
Estate Agent Talk

How much less can you expect if you sell your house for cash in 2024

When selling a house in the UK, opting for a cash sale often means accepting a lower price compared to a traditional open market sale via an estate agent. This reduction is down to a few factors including convenience and the speed of the transaction, which can be highly attractive to sellers looking to cash…
Read More
Rightmove logo
Estate Agent Talk

Rightmove’s weekly mortgage tracker

Headlines   The average 5-year fixed mortgage rate is now 4.97%, down from 5.91 % a year ago The average 2-year fixed mortgage rate is now 5.35%, down from 6.42% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.97%, down from 5.90% a year ago The average 60% LTV 5-year…
Read More
Estate Agent Talk

Preparing Your Essex Home for Sale: A Step-by-Step Guide

Selling your home can be a complex process, but you don’t have to navigate it alone. Experienced estate agents in Loughton and across Essex play a crucial role in helping you prepare, market, and sell your property. Their expertise and local knowledge can streamline the selling process and maximise your chances of a successful sale.…
Read More
Estate Agent Talk

Optimising Your Property Investment With Financial Expertise

Property investment can be rewarding, especially when approached with the right financial expertise. A well-planned property investment strategy, supported by professional advice, can significantly enhance your returns and minimise risks. Ready to learn more? Keep reading as we share tips on optimising your property investment with financial expertise. Leveraging Mortgage Brokers For Success Mortgage brokers…
Read More
Breaking News

Breaking Property News – 09/07/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Fine & Country increases international marketing and growth focus   Premium estate agency, Fine & Country is increasing its focus on international growth by launching new marketing initiatives to support its existing international network as well as expanding into new markets. This underscores Fine & Country’s commitment…
Read More