Postcode district

NE24

103 for-sale listings16 to-let listingsWarm market

Median asking price

£140K

Across 103 for-sale listings

Growth, 3 years

+2.2%

A year, annualised

Gross yield

6.0%

Indicative, from listing medians

Days on market

86

Average time on market

Investment overview

Median asking price

£140K

Average £170K, range £40K to £699K

Gross yield

6.0%

Strong

Indicative gross yield from listing medians

Price growth

3 yr+2.2%
5 yr+2.8%
10 yr+1.9%

% a year, annualised over each horizon

Market heat

Warm

86 days average time on market

Median asking rent

£695/mo

Of 16 to-let listings

Most common type

Semi detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

119

For sale and to let

Median asking price

£140K

Asking price range

£40K to £699K

Homes analysed

20,123

Behind the growth and area averages

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

Strategy fit

Buy to let

Strong

Gross yield

6.0%

  • Indicative gross yield of 6.0% from listing medians
  • Median asking rent £695 a month

HMO

Strong

Median asking price

£140K

  • Low entry price (£140K) keeps conversion costs viable
  • 14% of households rent privately
  • Most listings are semi detached

Flip

Moderate

Growth, 3 years

+2.2% a year

  • Prices rising +2.2% a year over 3 years
  • 86 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 103 in NE24.