Postcode district

FY1

119 for-sale listings51 to-let listingsWarm market

Median asking price

£115K

Across 119 for-sale listings

Growth, 3 years

-1.0%

A year, annualised

Gross yield

7.3%

Indicative, from listing medians

Days on market

102

Average time on market

Investment overview

Median asking price

£115K

Average £130K, range £28K to £430K

Gross yield

7.3%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-1.0%
5 yr+1.5%
10 yr+3.0%

% a year, annualised over each horizon

Market heat

Warm

102 days average time on market

Median asking rent

£695/mo

Of 51 to-let listings

Most common type

Terraced

3 bedrooms on average

Market data

Listings

Summary

Homes listed

170

For sale and to let. Excludes 6 that are not homes or not monthly rents

Median asking price

£115K

Asking price range

£28K to £430K

Homes analysed

21,490

Behind the growth and area averages

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

Strategy fit

Buy to let

Strong

Gross yield

7.3%

  • Indicative gross yield of 7.3% from listing medians
  • Median asking rent £695 a month

HMO

Strong

Median asking price

£115K

  • Low entry price (£115K) keeps conversion costs viable
  • 49% 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: 102 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 119 in FY1.