Postcode district

DN31

49 for-sale listings13 to-let listingsCool market

Median asking price

£95K

Across 49 for-sale listings

Growth, 3 years

-1.0%

A year, annualised

Gross yield

7.6%

Indicative, from listing medians

Days on market

131

Average time on market

Investment overview

Median asking price

£95K

Average £120K, range £40K to £280K

Gross yield

7.6%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-1.0%
5 yr+0.6%
10 yr+2.8%

% a year, annualised over each horizon

Market heat

Cool

131 days average time on market

Median asking rent

£600/mo

Of 13 to-let listings

Most common type

Terraced

2 bedrooms on average

Market data

Listings

Summary

Homes listed

62

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

Median asking price

£95K

Asking price range

£40K to £280K

Homes analysed

5,187

Behind the growth and area averages

For-sale listings equal 0.9% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

7.6%

  • Indicative gross yield of 7.6% from listing medians
  • Median asking rent £600 a month

HMO

Strong

Median asking price

£95K

  • Low entry price (£95K) keeps conversion costs viable
  • 40% of households rent privately
  • Most listings are terraced

Flip

Weak

Growth, 3 years

-1.0% a year

  • Prices moving -1.0% a year over 3 years raises resale risk
  • Slow exits: 131 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 49 in DN31.