Postcode district

NE48

19 for-sale listings0 to-let listingsWarm market

Median asking price

£250K

Across 19 for-sale listings

Growth, 3 years

-1.3%

A year, annualised

Gross yield

-

No to-let listings

Days on market

111

Average time on market

Investment overview

Median asking price

£250K

Average £303K, range £55K to £696K

Gross yield

-

No to-let listings

Price growth

3 yr-1.3%
5 yr-0.5%
10 yr+2.0%

% a year, annualised over each horizon

Market heat

Warm

111 days average time on market

Median asking rent

-

No to-let listings

Most common type

Other

3 bedrooms on average

Market data

Listings

Summary

Homes listed

19

For sale and to let

Median asking price

£250K

Asking price range

£55K to £696K

Homes analysed

2,313

Behind the growth and area averages

For-sale listings equal 0.8% of the homes analysed.

Strategy fit

Buy to let

Not assessed

Gross yield

-

  • There are no to-let listings in NE48, so rental yield cannot be measured.

HMO

Moderate

Median asking price

£250K

  • Moderate entry price (£250K)
  • 21% of households rent privately
  • Most listings are other

Flip

Weak

Growth, 3 years

-1.3% a year

  • Prices moving -1.3% a year over 3 years raises resale risk
  • Slow exits: 111 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 19 in NE48.