Postcode district

NE38

44 for-sale listings2 to-let listingsWarm market

Median asking price

£145K

Across 44 for-sale listings

Growth, 3 years

+1.2%

A year, annualised

Gross yield

-

Needs 5 or more listings to let and for sale

Days on market

89

Average time on market

Investment overview

Median asking price

£145K

Average £222K, range £55K to £995K

Gross yield

-

Needs 5 or more listings to let and for sale

Price growth

3 yr+1.2%
5 yr-0.7%
10 yr0.0%

% a year, annualised over each horizon

Market heat

Warm

89 days average time on market

Median asking rent

£900/mo

Of 2 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

46

For sale and to let

Median asking price

£145K

Asking price range

£55K to £995K

Homes analysed

14,479

Behind the growth and area averages

For-sale listings equal 0.3% of the homes analysed.

Strategy fit

Buy to let

Not assessed

Gross yield

-

  • Fewer than 5 listings to let or for sale in NE38, too few for an indicative yield.

HMO

Strong

Median asking price

£145K

  • Low entry price (£145K) keeps conversion costs viable
  • 10% of households rent privately
  • Most listings are detached

Flip

Moderate

Growth, 3 years

+1.2% a year

  • Prices rising +1.2% a year over 3 years
  • 89 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 44 in NE38.