Postcode district

BN16

121 for-sale listings15 to-let listingsWarm market

Median asking price

£425K

Across 121 for-sale listings

Growth, 3 years

-1.9%

A year, annualised

Gross yield

4.1%

Indicative, from listing medians

Days on market

55

Average time on market

Investment overview

Median asking price

£425K

Average £521K, range £146K to £2.0M

Gross yield

4.1%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-1.9%
5 yr+0.7%
10 yr+2.3%

% a year, annualised over each horizon

Market heat

Warm

55 days average time on market

Median asking rent

£1,450/mo

Of 15 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

136

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

Median asking price

£425K

Asking price range

£146K to £2.0M

Homes analysed

15,154

Behind the growth and area averages

For-sale listings equal 0.8% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

4.1%

  • Moderate indicative gross yield of 4.1%
  • Median asking rent £1K a month

HMO

Weak

Median asking price

£425K

  • High entry price (£425K) squeezes HMO returns
  • 11% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-1.9% a year

  • Prices moving -1.9% a year over 3 years raises resale risk
  • 55 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 121 in BN16.