Postcode district

LE15

87 for-sale listings11 to-let listingsWarm market

Median asking price

£425K

Across 87 for-sale listings

Growth, 3 years

-0.5%

A year, annualised

Gross yield

3.4%

Indicative, from listing medians

Days on market

98

Average time on market

Investment overview

Median asking price

£425K

Average £441K, range £120K to £1.2M

Gross yield

3.4%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-0.5%
5 yr+3.0%
10 yr+3.2%

% a year, annualised over each horizon

Market heat

Warm

98 days average time on market

Median asking rent

£1,195/mo

Of 11 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

98

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

Median asking price

£425K

Asking price range

£120K to £1.2M

Homes analysed

16,325

Behind the growth and area averages

For-sale listings equal 0.5% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

3.4%

  • Moderate indicative gross yield of 3.4%
  • Median asking rent £1K a month

HMO

Weak

Median asking price

£425K

  • High entry price (£425K) squeezes HMO returns
  • 13% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-0.5% a year

  • Prices moving -0.5% a year over 3 years raises resale risk
  • Slow exits: 98 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 87 in LE15.