Postcode district

NE39

22 for-sale listings2 to-let listingsWarm market

Median asking price

£390K

Across 22 for-sale listings

Growth, 3 years

-2.2%

A year, annualised

Gross yield

-

Needs 5 or more listings to let and for sale

Days on market

106

Average time on market

Investment overview

Median asking price

£390K

Average £433K, range £100K to £1.4M

Gross yield

-

Needs 5 or more listings to let and for sale

Price growth

3 yr-2.2%
5 yr-0.3%
10 yr+1.5%

% a year, annualised over each horizon

Market heat

Warm

106 days average time on market

Median asking rent

£760/mo

Of 2 to-let listings

Most common type

Detached

4 bedrooms on average

Market data

Listings

Summary

Homes listed

24

For sale and to let

Median asking price

£390K

Asking price range

£100K to £1.4M

Homes analysed

4,268

Behind the growth and area averages

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

Strategy fit

Buy to let

Not assessed

Gross yield

-

  • Fewer than 5 listings to let or for sale in NE39, too few for an indicative yield.

HMO

Weak

Median asking price

£390K

  • High entry price (£390K) squeezes HMO returns
  • 8% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-2.2% a year

  • Prices moving -2.2% a year over 3 years raises resale risk
  • Slow exits: 106 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 22 in NE39.