Postcode district

M1

153 for-sale listings106 to-let listingsWarm market

Median asking price

£210K

Across 153 for-sale listings

Growth, 3 years

-4.0%

A year, annualised

Gross yield

8.1%

Indicative, from listing medians

Days on market

59

Average time on market

Investment overview

Median asking price

£210K

Average £243K, range £85K to £508K

Gross yield

8.1%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-4.0%
5 yr-0.4%
10 yr+1.5%

% a year, annualised over each horizon

Market heat

Warm

59 days average time on market

Median asking rent

£1,414/mo

Of 106 to-let listings

Most common type

Flat

2 bedrooms on average

Market data

Listings

Summary

Homes listed

259

For sale and to let. Excludes 3 that are not homes or not monthly rents

Median asking price

£210K

Asking price range

£85K to £508K

Homes analysed

16,573

Behind the growth and area averages

For-sale listings equal 0.9% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

8.1%

  • Indicative gross yield of 8.1% from listing medians
  • Median asking rent £1K a month

HMO

Moderate

Median asking price

£210K

  • Moderate entry price (£210K)
  • 68% of households rent privately
  • Most listings are flat

Flip

Weak

Growth, 3 years

-4.0% a year

  • Prices moving -4.0% a year over 3 years raises resale risk
  • 59 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 153 in M1.