Postcode district

NE16

56 for-sale listings9 to-let listingsWarm market

Median asking price

£183K

Across 56 for-sale listings

Growth, 3 years

-3.9%

A year, annualised

Gross yield

5.2%

Indicative, from listing medians

Days on market

104

Average time on market

Investment overview

Median asking price

£183K

Average £258K, range £50K to £1.5M

Gross yield

5.2%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-3.9%
5 yr-2.3%
10 yr+0.8%

% a year, annualised over each horizon

Market heat

Warm

104 days average time on market

Median asking rent

£795/mo

Of 9 to-let listings

Most common type

Semi detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

65

For sale and to let

Median asking price

£183K

Asking price range

£50K to £1.5M

Homes analysed

11,946

Behind the growth and area averages

For-sale listings equal 0.5% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

5.2%

  • Indicative gross yield of 5.2% from listing medians
  • Median asking rent £795 a month

HMO

Strong

Median asking price

£183K

  • Low entry price (£183K) keeps conversion costs viable
  • 11% of households rent privately
  • Most listings are semi detached

Flip

Weak

Growth, 3 years

-3.9% a year

  • Prices moving -3.9% a year over 3 years raises resale risk
  • Slow exits: 104 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 56 in NE16.