District market report

NE23 property market

£681/mo typical 2-bed flat rent

41 days typical time on market

£218k median asking price

Based on 336 listings on the market · NE23 district · as at 31 Aug 2026

Market temperature

41 daystypical time on the market 48% quicker than North East

67%of homes already sale agreed 19pp more than North East

13%cut their asking price in the last 28 days in line with North East

3.9%typical cut, when sellers reduce

Compared with North East. "Sale agreed" means the seller has accepted an offer (shown as Sold STC on portals); the sale hasn't completed yet.

How each kind of property is selling

Segment	On market	Under offer	Days on market	Stale >90d	Sample
2 bed semi-detached	31	77%	45	14%	n=31
2 bed flat	29	76%	104	57%	n=29
3 bed semi-detached	71	72%	37	10%	n=71
2 bed terraced	23	65%	57	25%	n=23
4 bed detached	44	64%	33	0%	n=44
3 bed terraced	41	61%	49	38%	n=41
3 bed detached	23	61%	24	33%	n=23

Buying here? The Good Buy Guide for NE23 ranks these segments and shows negotiating room.

Rents

Home	Typical rent	Range	Confidence	Sample
Studio flat	£655/mo	£212–£1,741	low confidence	n=3
1 bed flat	£607/mo	£551–£695	medium confidence	n=11
2 bed flat	£681/mo	£607–£751	medium confidence	n=19
2 bed house	£832/mo	£725–£996	medium confidence	n=13
3 bed house	£1,157/mo	£854–£1,385	medium confidence	n=34
4 bed house	£1,414/mo	£1,035–£3,123	low confidence	n=7

Confidence reflects the listings behind each figure: High 30+, Medium 10–29, Low under 10 recent listings for that exact size and area.

Check a specific home in the Rent Checker.

Yields and long-term growth

Segment	Gross yield	Rent	Price basis
1 bed flat	16.5%	£607/mo	£44k
2 bed flat	9.6%	£681/mo	£85k
3 bed house	8.6%	£1,157/mo	£161k
2 bed house	7.6%	£832/mo	£131k

Type	5 yrs	10 yrs	20 yrs
Detached	+26.1%	+34.1%	+44.5%
Flat/Maisonette	+16.2%	+24.8%	+1.2%
Semi-Detached	+16.5%	+27.7%	+35.9%
Terraced	+28.5%	+46.8%	+42.9%

Investing round here? Open the Area Workbench for sector-by-sector rents and yields.

The housing stock

66%built 1945–1979

18%built 1980–1999

232 m²typical registered plot (houses)

What does this era of housing typically need? The Good Buy Guide covers condition by era.

Buying here?Which kinds of property are the good buys the Good Buy Guide. Investing here?Sector-by-sector rents, yields and letting speed in the Workbench. Renting or letting?What a specific home rents for, in the Rent Checker.

About these figures. Statistics are aggregate figures from the uSurv Listings Index, compiled from publicly advertised residential listings across the UK, aggregated from multiple online sources, together with HM Land Registry price paid data, the EPC register and ONS statistics (Open Government Licence v3.0). Small samples are suppressed rather than published. No individual listing content is reproduced.