Postcode district

NE42

30 for-sale listings0 to-let listingsCool market

Median asking price

£247K

Across 30 for-sale listings

Growth, 3 years

-1.9%

A year, annualised

Gross yield

-

No to-let listings

Days on market

120

Average time on market

Investment overview

Median asking price

£247K

Average £270K, range £56K to £775K

Gross yield

-

No to-let listings

Price growth

3 yr-1.9%
5 yr-1.7%
10 yr+0.6%

% a year, annualised over each horizon

Market heat

Cool

120 days average time on market

Median asking rent

-

No to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

30

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

Median asking price

£247K

Asking price range

£56K to £775K

Homes analysed

5,768

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

-

  • There are no to-let listings in NE42, so rental yield cannot be measured.

HMO

Moderate

Median asking price

£247K

  • Moderate entry price (£247K)
  • 11% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-1.9% a year

  • Prices moving -1.9% a year over 3 years raises resale risk
  • Slow exits: 120 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 30 in NE42.