Postcode district

B3

92 for-sale listings48 to-let listingsCool market

Median asking price

£173K

Across 92 for-sale listings

Growth, 3 years

-5.0%

A year, annualised

Gross yield

7.7%

Indicative, from listing medians

Days on market

106

Average time on market

Investment overview

Median asking price

£173K

Average £215K, range £60K to £835K

Gross yield

7.7%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-5.0%
5 yr-1.6%
10 yr+2.6%

% a year, annualised over each horizon

Market heat

Cool

106 days average time on market

Median asking rent

£1,100/mo

Of 48 to-let listings

Most common type

Flat

2 bedrooms on average

Market data

Listings

Summary

Homes listed

140

For sale and to let. Excludes 2 that are not homes or not monthly rents

Median asking price

£173K

Asking price range

£60K to £835K

Homes analysed

3,353

Behind the growth and area averages

For-sale listings equal 2.7% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

7.7%

  • Indicative gross yield of 7.7% from listing medians
  • Median asking rent £1K a month

HMO

Strong

Median asking price

£173K

  • Low entry price (£173K) keeps conversion costs viable
  • 63% of households rent privately
  • Most listings are flat

Flip

Weak

Growth, 3 years

-5.0% a year

  • Prices moving -5.0% a year over 3 years raises resale risk
  • Slow exits: 106 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 92 in B3.