Postcode district

CM23

111 for-sale listings28 to-let listingsWarm market

Median asking price

£525K

Across 111 for-sale listings

Growth, 3 years

-2.5%

A year, annualised

Gross yield

3.5%

Indicative, from listing medians

Days on market

66

Average time on market

Investment overview

Median asking price

£525K

Average £541K, range £96K to £2.3M

Gross yield

3.5%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-2.5%
5 yr-0.1%
10 yr+2.2%

% a year, annualised over each horizon

Market heat

Warm

66 days average time on market

Median asking rent

£1,538/mo

Of 28 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

139

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

Median asking price

£525K

Asking price range

£96K to £2.3M

Homes analysed

21,007

Behind the growth and area averages

For-sale listings equal 0.5% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

3.5%

  • Moderate indicative gross yield of 3.5%
  • Median asking rent £2K a month

HMO

Weak

Median asking price

£525K

  • High entry price (£525K) squeezes HMO returns
  • 17% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-2.5% a year

  • Prices moving -2.5% a year over 3 years raises resale risk
  • 66 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 111 in CM23.