Postcode district

NE40

58 for-sale listings4 to-let listingsWarm market

Median asking price

£260K

Across 58 for-sale listings

Growth, 3 years

-5.1%

A year, annualised

Gross yield

-

Needs 5 or more listings to let and for sale

Days on market

84

Average time on market

Investment overview

Median asking price

£260K

Average £273K, range £58K to £995K

Gross yield

-

Needs 5 or more listings to let and for sale

Price growth

3 yr-5.1%
5 yr+0.2%
10 yr+3.0%

% a year, annualised over each horizon

Market heat

Warm

84 days average time on market

Median asking rent

£775/mo

Of 4 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

62

For sale and to let

Median asking price

£260K

Asking price range

£58K to £995K

Homes analysed

8,094

Behind the growth and area averages

For-sale listings equal 0.7% of the homes analysed.

Strategy fit

Buy to let

Not assessed

Gross yield

-

  • Fewer than 5 listings to let or for sale in NE40, too few for an indicative yield.

HMO

Moderate

Median asking price

£260K

  • Moderate entry price (£260K)
  • 10% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-5.1% a year

  • Prices moving -5.1% a year over 3 years raises resale risk
  • 84 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 58 in NE40.