Postcode district

DA16

100 for-sale listings23 to-let listingsWarm market

Median asking price

£450K

Across 100 for-sale listings

Growth, 3 years

+0.9%

A year, annualised

Gross yield

5.6%

Indicative, from listing medians

Days on market

57

Average time on market

Investment overview

Median asking price

£450K

Average £444K, range £200K to £775K

Gross yield

5.6%

Strong

Indicative gross yield from listing medians

Price growth

3 yr+0.9%
5 yr+2.2%
10 yr+2.7%

% a year, annualised over each horizon

Market heat

Warm

57 days average time on market

Median asking rent

£2,100/mo

Of 23 to-let listings

Most common type

Semi detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

123

For sale and to let. Excludes 1 that are not homes or not monthly rents

Median asking price

£450K

Asking price range

£200K to £775K

Homes analysed

14,418

Behind the growth and area averages

For-sale listings equal 0.7% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

5.6%

  • Indicative gross yield of 5.6% from listing medians
  • Median asking rent £2K a month

HMO

Weak

Median asking price

£450K

  • High entry price (£450K) squeezes HMO returns
  • 11% of households rent privately
  • Most listings are semi detached

Flip

Weak

Growth, 3 years

+0.9% a year

  • Prices moving +0.9% a year over 3 years raises resale risk
  • 57 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 100 in DA16.