Postcode district

NE71

7 for-sale listings0 to-let listingsCool market

Median asking price

£300K

Across 7 for-sale listings

Growth, 3 years

-3.1%

A year, annualised

Gross yield

-

No to-let listings

Days on market

151

Average time on market

Investment overview

Median asking price

£300K

Average £314K, range £185K to £400K

Gross yield

-

No to-let listings

Price growth

3 yr-3.1%
5 yr+1.0%
10 yr+3.3%

% a year, annualised over each horizon

Market heat

Cool

151 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

7

For sale and to let

Median asking price

£300K

Asking price range

£185K to £400K

Homes analysed

1,915

Behind the growth and area averages

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

Strategy fit

Buy to let

Not assessed

Gross yield

-

  • There are no to-let listings in NE71, so rental yield cannot be measured.

HMO

Moderate

Median asking price

£300K

  • Moderate entry price (£300K)
  • 19% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-3.1% a year

  • Prices moving -3.1% a year over 3 years raises resale risk
  • Slow exits: 151 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 7 in NE71.