Postcode district

NE46

29 for-sale listings7 to-let listingsCool market

Median asking price

£160K

Across 29 for-sale listings

Growth, 3 years

+6.8%

A year, annualised

Gross yield

7.7%

Indicative, from listing medians

Days on market

125

Average time on market

Investment overview

Median asking price

£160K

Average £206K, range £30K to £515K

Gross yield

7.7%

Strong

Indicative gross yield from listing medians

Price growth

3 yr+6.8%
5 yr+1.6%
10 yr+3.9%

% a year, annualised over each horizon

Market heat

Cool

125 days average time on market

Median asking rent

£1,025/mo

Of 7 to-let listings

Most common type

Flat

2 bedrooms on average

Market data

Listings

Summary

Homes listed

36

For sale and to let

Median asking price

£160K

Asking price range

£30K to £515K

Homes analysed

7,684

Behind the growth and area averages

For-sale listings equal 0.4% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

7.7%

  • Indicative gross yield of 7.7% from listing medians
  • Median asking rent £1K a month

HMO

Strong

Median asking price

£160K

  • Low entry price (£160K) keeps conversion costs viable
  • 14% of households rent privately
  • Most listings are flat

Flip

Strong

Growth, 3 years

+6.8% a year

  • Prices rising +6.8% a year over 3 years
  • Slow exits: 125 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 29 in NE46.