Postcode district

NE37

44 for-sale listings10 to-let listingsWarm market

Median asking price

£148K

Across 44 for-sale listings

Growth, 3 years

+3.0%

A year, annualised

Gross yield

5.4%

Indicative, from listing medians

Days on market

103

Average time on market

Investment overview

Median asking price

£148K

Average £173K, range £20K to £650K

Gross yield

5.4%

Strong

Indicative gross yield from listing medians

Price growth

3 yr+3.0%
5 yr+1.7%
10 yr+3.3%

% a year, annualised over each horizon

Market heat

Warm

103 days average time on market

Median asking rent

£662/mo

Of 10 to-let listings

Most common type

Flat

3 bedrooms on average

Market data

Listings

Summary

Homes listed

54

For sale and to let. Excludes 1 that are not homes or not monthly rents

Median asking price

£148K

Asking price range

£20K to £650K

Homes analysed

9,629

Behind the growth and area averages

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

Strategy fit

Buy to let

Strong

Gross yield

5.4%

  • Indicative gross yield of 5.4% from listing medians
  • Median asking rent £662 a month

HMO

Strong

Median asking price

£148K

  • Low entry price (£148K) keeps conversion costs viable
  • 12% of households rent privately
  • Most listings are flat

Flip

Moderate

Growth, 3 years

+3.0% a year

  • Prices rising +3.0% a year over 3 years
  • Slow exits: 103 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 44 in NE37.