Postcode district

NE63

67 for-sale listings15 to-let listingsCool market

Median asking price

£160K

Across 67 for-sale listings

Growth, 3 years

-3.6%

A year, annualised

Gross yield

4.7%

Indicative, from listing medians

Days on market

102

Average time on market

Investment overview

Median asking price

£160K

Average £196K, range £19K to £620K

Gross yield

4.7%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-3.6%
5 yr+3.0%
10 yr+3.0%

% a year, annualised over each horizon

Market heat

Cool

102 days average time on market

Median asking rent

£625/mo

Of 15 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

82

For sale and to let

Median asking price

£160K

Asking price range

£19K to £620K

Homes analysed

14,853

Behind the growth and area averages

For-sale listings equal 0.5% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

4.7%

  • Moderate indicative gross yield of 4.7%
  • Median asking rent £625 a month

HMO

Strong

Median asking price

£160K

  • Low entry price (£160K) keeps conversion costs viable
  • 19% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-3.6% a year

  • Prices moving -3.6% a year over 3 years raises resale risk
  • Slow exits: 102 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 67 in NE63.