Postcode district

ME12

180 for-sale listings31 to-let listingsWarm market

Median asking price

£280K

Across 180 for-sale listings

Growth, 3 years

-1.3%

A year, annualised

Gross yield

5.1%

Indicative, from listing medians

Days on market

92

Average time on market

Investment overview

Median asking price

£280K

Average £308K, range £22K to £875K

Gross yield

5.1%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-1.3%
5 yr+0.8%
10 yr+3.3%

% a year, annualised over each horizon

Market heat

Warm

92 days average time on market

Median asking rent

£1,200/mo

Of 31 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

211

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

Median asking price

£280K

Asking price range

£22K to £875K

Homes analysed

21,628

Behind the growth and area averages

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

Strategy fit

Buy to let

Strong

Gross yield

5.1%

  • Indicative gross yield of 5.1% from listing medians
  • Median asking rent £1K a month

HMO

Moderate

Median asking price

£280K

  • Moderate entry price (£280K)
  • 21% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-1.3% a year

  • Prices moving -1.3% a year over 3 years raises resale risk
  • Slow exits: 92 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 180 in ME12.