Postcode district

GL16

138 for-sale listings6 to-let listingsWarm market

Median asking price

£353K

Across 138 for-sale listings

Growth, 3 years

-1.9%

A year, annualised

Gross yield

2.8%

Indicative, from listing medians

Days on market

102

Average time on market

Investment overview

Median asking price

£353K

Average £392K, range £90K to £1.6M

Gross yield

2.8%

Weak

Indicative gross yield from listing medians

Price growth

3 yr-1.9%
5 yr+0.2%
10 yr+3.1%

% a year, annualised over each horizon

Market heat

Warm

102 days average time on market

Median asking rent

£825/mo

Of 6 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

144

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

Median asking price

£353K

Asking price range

£90K to £1.6M

Homes analysed

7,174

Behind the growth and area averages

For-sale listings equal 1.9% of the homes analysed.

Strategy fit

Buy to let

Weak

Gross yield

2.8%

  • Low indicative gross yield of 2.8% limits rental returns
  • Median asking rent £825 a month

HMO

Weak

Median asking price

£353K

  • High entry price (£353K) squeezes HMO returns
  • 11% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-1.9% a year

  • Prices moving -1.9% 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 138 in GL16.