Postcode district

CM3

143 for-sale listings10 to-let listingsWarm market

Median asking price

£550K

Across 143 for-sale listings

Growth, 3 years

-1.1%

A year, annualised

Gross yield

4.4%

Indicative, from listing medians

Days on market

70

Average time on market

Investment overview

Median asking price

£550K

Average £712K, range £195K to £9.9M

Gross yield

4.4%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-1.1%
5 yr+0.7%
10 yr+2.8%

% a year, annualised over each horizon

Market heat

Warm

70 days average time on market

Median asking rent

£2,000/mo

Of 10 to-let listings

Most common type

Detached

4 bedrooms on average

Market data

Listings

Summary

Homes listed

153

For sale and to let. Excludes 8 that are not homes or not monthly rents

Median asking price

£550K

Asking price range

£195K to £9.9M

Homes analysed

25,001

Behind the growth and area averages

For-sale listings equal 0.6% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

4.4%

  • Moderate indicative gross yield of 4.4%
  • Median asking rent £2K a month

HMO

Weak

Median asking price

£550K

  • High entry price (£550K) squeezes HMO returns
  • 10% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-1.1% a year

  • Prices moving -1.1% a year over 3 years raises resale risk
  • 70 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 143 in CM3.