Postcode district

B61

106 for-sale listings12 to-let listingsWarm market

Median asking price

£370K

Across 106 for-sale listings

Growth, 3 years

+4.2%

A year, annualised

Gross yield

3.3%

Indicative, from listing medians

Days on market

59

Average time on market

Investment overview

Median asking price

£370K

Average £404K, range £110K to £1.3M

Gross yield

3.3%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr+4.2%
5 yr+3.6%
10 yr+4.8%

% a year, annualised over each horizon

Market heat

Warm

59 days average time on market

Median asking rent

£1,024/mo

Of 12 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

118

For sale and to let. Excludes 3 that are not homes or not monthly rents

Median asking price

£370K

Asking price range

£110K to £1.3M

Homes analysed

12,062

Behind the growth and area averages

For-sale listings equal 0.9% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

3.3%

  • Moderate indicative gross yield of 3.3%
  • Median asking rent £1K a month

HMO

Weak

Median asking price

£370K

  • High entry price (£370K) squeezes HMO returns
  • 10% of households rent privately
  • Most listings are detached

Flip

Strong

Growth, 3 years

+4.2% a year

  • Prices rising +4.2% a year over 3 years
  • 59 days average time on market
  • Long-run growth of +4.8% a year over 10 years

Recent listings

The 6 most recently updated for-sale listings, a sample of 106 in B61.