Postcode district

EX16

188 for-sale listings27 to-let listingsWarm market

Median asking price

£325K

Across 188 for-sale listings

Growth, 3 years

-4.0%

A year, annualised

Gross yield

3.7%

Indicative, from listing medians

Days on market

71

Average time on market

Investment overview

Median asking price

£325K

Average £382K, range £70K to £1.6M

Gross yield

3.7%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-4.0%
5 yr-1.4%
10 yr+2.9%

% a year, annualised over each horizon

Market heat

Warm

71 days average time on market

Median asking rent

£1,000/mo

Of 27 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

215

For sale and to let. Excludes 12 that are not homes or not monthly rents

Median asking price

£325K

Asking price range

£70K to £1.6M

Homes analysed

16,329

Behind the growth and area averages

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

Strategy fit

Buy to let

Moderate

Gross yield

3.7%

  • Moderate indicative gross yield of 3.7%
  • Median asking rent £1K a month

HMO

Moderate

Median asking price

£325K

  • Moderate entry price (£325K)
  • 17% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-4.0% a year

  • Prices moving -4.0% 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 188 in EX16.