Postcode district

NE47

21 for-sale listings1 to-let listingsCool market

Median asking price

£241K

Across 21 for-sale listings

Growth, 3 years

+2.8%

A year, annualised

Gross yield

-

Needs 5 or more listings to let and for sale

Days on market

133

Average time on market

Investment overview

Median asking price

£241K

Average £262K, range £44K to £850K

Gross yield

-

Needs 5 or more listings to let and for sale

Price growth

3 yr+2.8%
5 yr+3.1%
10 yr+4.0%

% a year, annualised over each horizon

Market heat

Cool

133 days average time on market

Median asking rent

£825/mo

Of 1 to-let listings

Most common type

Park home

3 bedrooms on average

Market data

Listings

Summary

Homes listed

22

For sale and to let

Median asking price

£241K

Asking price range

£44K to £850K

Homes analysed

3,988

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 NE47, too few for an indicative yield.

HMO

Moderate

Median asking price

£241K

  • Moderate entry price (£241K)
  • 15% of households rent privately
  • Most listings are park home

Flip

Moderate

Growth, 3 years

+2.8% a year

  • Prices rising +2.8% a year over 3 years
  • Slow exits: 133 days average time on market
  • Long-run growth of +4.0% a year over 10 years

Recent listings

The 6 most recently updated for-sale listings, a sample of 21 in NE47.