Postcode district

NE29

79 for-sale listings17 to-let listingsWarm market

Median asking price

£160K

Across 79 for-sale listings

Growth, 3 years

+1.8%

A year, annualised

Gross yield

5.3%

Indicative, from listing medians

Days on market

93

Average time on market

Investment overview

Median asking price

£160K

Average £190K, range £50K to £475K

Gross yield

5.3%

Strong

Indicative gross yield from listing medians

Price growth

3 yr+1.8%
5 yr+5.1%
10 yr+3.9%

% a year, annualised over each horizon

Market heat

Warm

93 days average time on market

Median asking rent

£700/mo

Of 17 to-let listings

Most common type

Flat

3 bedrooms on average

Market data

Listings

Summary

Homes listed

96

For sale and to let

Median asking price

£160K

Asking price range

£50K to £475K

Homes analysed

18,725

Behind the growth and area averages

For-sale listings equal 0.4% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

5.3%

  • Indicative gross yield of 5.3% from listing medians
  • Median asking rent £700 a month

HMO

Strong

Median asking price

£160K

  • Low entry price (£160K) keeps conversion costs viable
  • 17% of households rent privately
  • Most listings are flat

Flip

Moderate

Growth, 3 years

+1.8% a year

  • Prices rising +1.8% a year over 3 years
  • Slow exits: 93 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 79 in NE29.