Postcode district

M38

56 for-sale listings9 to-let listingsWarm market

Median asking price

£235K

Across 56 for-sale listings

Growth, 3 years

+3.3%

A year, annualised

Gross yield

6.9%

Indicative, from listing medians

Days on market

78

Average time on market

Investment overview

Median asking price

£235K

Average £275K, range £130K to £434K

Gross yield

6.9%

Strong

Indicative gross yield from listing medians

Price growth

3 yr+3.3%
5 yr+7.9%
10 yr+8.8%

% a year, annualised over each horizon

Market heat

Warm

78 days average time on market

Median asking rent

£1,350/mo

Of 9 to-let listings

Most common type

Semi detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

65

For sale and to let

Median asking price

£235K

Asking price range

£130K to £434K

Homes analysed

6,647

Behind the growth and area averages

For-sale listings equal 0.8% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

6.9%

  • Indicative gross yield of 6.9% from listing medians
  • Median asking rent £1K a month

HMO

Moderate

Median asking price

£235K

  • Moderate entry price (£235K)
  • 14% of households rent privately
  • Most listings are semi detached

Flip

Strong

Growth, 3 years

+3.3% a year

  • Prices rising +3.3% a year over 3 years
  • 78 days average time on market
  • Long-run growth of +8.8% a year over 10 years

Recent listings

The 6 most recently updated for-sale listings, a sample of 56 in M38.