Postcode district

NE23

101 for-sale listings7 to-let listingsWarm market

Median asking price

£247K

Across 101 for-sale listings

Growth, 3 years

-2.8%

A year, annualised

Gross yield

3.6%

Indicative, from listing medians

Days on market

81

Average time on market

Investment overview

Median asking price

£247K

Average £258K, range £80K to £650K

Gross yield

3.6%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-2.8%
5 yr+0.0%
10 yr+2.6%

% a year, annualised over each horizon

Market heat

Warm

81 days average time on market

Median asking rent

£750/mo

Of 7 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

108

For sale and to let

Median asking price

£247K

Asking price range

£80K to £650K

Homes analysed

20,114

Behind the growth and area averages

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

Strategy fit

Buy to let

Moderate

Gross yield

3.6%

  • Moderate indicative gross yield of 3.6%
  • Median asking rent £750 a month

HMO

Moderate

Median asking price

£247K

  • Moderate entry price (£247K)
  • 10% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-2.8% a year

  • Prices moving -2.8% a year over 3 years raises resale risk
  • 81 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 101 in NE23.