Postcode district

LE1

141 for-sale listings72 to-let listingsCool market

Median asking price

£123K

Across 141 for-sale listings

Growth, 3 years

-9.0%

A year, annualised

Gross yield

7.6%

Indicative, from listing medians

Days on market

145

Average time on market

Investment overview

Median asking price

£123K

Average £138K, range £15K to £795K

Gross yield

7.6%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-9.0%
5 yr+0.2%
10 yr+0.3%

% a year, annualised over each horizon

Market heat

Cool

145 days average time on market

Median asking rent

£775/mo

Of 72 to-let listings

Most common type

Flat

2 bedrooms on average

Market data

Listings

Summary

Homes listed

213

For sale and to let. Excludes 5 that are not homes or not monthly rents

Median asking price

£123K

Asking price range

£15K to £795K

Homes analysed

11,838

Behind the growth and area averages

For-sale listings equal 1.2% 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 £775 a month

HMO

Strong

Median asking price

£123K

  • Low entry price (£123K) keeps conversion costs viable
  • 58% of households rent privately
  • Most listings are flat

Flip

Weak

Growth, 3 years

-9.0% a year

  • Prices moving -9.0% a year over 3 years raises resale risk
  • Slow exits: 145 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 141 in LE1.