Postcode district

M21

86 for-sale listings23 to-let listingsWarm market

Median asking price

£385K

Across 86 for-sale listings

Growth, 3 years

+2.3%

A year, annualised

Gross yield

3.7%

Indicative, from listing medians

Days on market

94

Average time on market

Investment overview

Median asking price

£385K

Average £468K, range £146K to £2.5M

Gross yield

3.7%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr+2.3%
5 yr+4.8%
10 yr+5.3%

% a year, annualised over each horizon

Market heat

Warm

94 days average time on market

Median asking rent

£1,195/mo

Of 23 to-let listings

Most common type

Semi detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

109

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

Median asking price

£385K

Asking price range

£146K to £2.5M

Homes analysed

13,148

Behind the growth and area averages

For-sale listings equal 0.7% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

3.7%

  • Moderate indicative gross yield of 3.7%
  • Median asking rent £1K a month

HMO

Weak

Median asking price

£385K

  • High entry price (£385K) squeezes HMO returns
  • 24% of households rent privately
  • Most listings are semi detached

Flip

Moderate

Growth, 3 years

+2.3% a year

  • Prices rising +2.3% a year over 3 years
  • Slow exits: 94 days average time on market
  • Long-run growth of +5.3% a year over 10 years

Recent listings

The 6 most recently updated for-sale listings, a sample of 86 in M21.