Postcode district

NE31

70 for-sale listings3 to-let listingsWarm market

Median asking price

£172K

Across 70 for-sale listings

Growth, 3 years

-1.4%

A year, annualised

Gross yield

-

Needs 5 or more listings to let and for sale

Days on market

96

Average time on market

Investment overview

Median asking price

£172K

Average £183K, range £65K to £390K

Gross yield

-

Needs 5 or more listings to let and for sale

Price growth

3 yr-1.4%
5 yr+1.2%
10 yr+1.8%

% a year, annualised over each horizon

Market heat

Warm

96 days average time on market

Median asking rent

£695/mo

Of 3 to-let listings

Most common type

Terraced

3 bedrooms on average

Market data

Listings

Summary

Homes listed

73

For sale and to let

Median asking price

£172K

Asking price range

£65K to £390K

Homes analysed

11,096

Behind the growth and area averages

For-sale listings equal 0.6% of the homes analysed.

Strategy fit

Buy to let

Not assessed

Gross yield

-

  • Fewer than 5 listings to let or for sale in NE31, too few for an indicative yield.

HMO

Strong

Median asking price

£172K

  • Low entry price (£172K) keeps conversion costs viable
  • 10% of households rent privately
  • Most listings are terraced

Flip

Weak

Growth, 3 years

-1.4% a year

  • Prices moving -1.4% a year over 3 years raises resale risk
  • Slow exits: 96 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 70 in NE31.