Postcode district

CM16

134 for-sale listings24 to-let listingsWarm market

Median asking price

£600K

Across 134 for-sale listings

Growth, 3 years

-2.4%

A year, annualised

Gross yield

4.0%

Indicative, from listing medians

Days on market

71

Average time on market

Investment overview

Median asking price

£600K

Average £749K, range £250K to £8.9M

Gross yield

4.0%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-2.4%
5 yr-0.6%
10 yr+1.8%

% a year, annualised over each horizon

Market heat

Warm

71 days average time on market

Median asking rent

£2,000/mo

Of 24 to-let listings

Most common type

Semi detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

158

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

Median asking price

£600K

Asking price range

£250K to £8.9M

Homes analysed

10,729

Behind the growth and area averages

For-sale listings equal 1.2% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

4.0%

  • Moderate indicative gross yield of 4.0%
  • Median asking rent £2K a month

HMO

Weak

Median asking price

£600K

  • High entry price (£600K) squeezes HMO returns
  • 12% of households rent privately
  • Most listings are semi detached

Flip

Weak

Growth, 3 years

-2.4% a year

  • Prices moving -2.4% a year over 3 years raises resale risk
  • 71 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 134 in CM16.