Postcode district

ME13

166 for-sale listings11 to-let listingsWarm market

Median asking price

£375K

Across 166 for-sale listings

Growth, 3 years

-1.5%

A year, annualised

Gross yield

3.8%

Indicative, from listing medians

Days on market

101

Average time on market

Investment overview

Median asking price

£375K

Average £490K, range £85K to £2.3M

Gross yield

3.8%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-1.5%
5 yr-1.5%
10 yr+2.7%

% a year, annualised over each horizon

Market heat

Warm

101 days average time on market

Median asking rent

£1,195/mo

Of 11 to-let listings

Most common type

Terraced

3 bedrooms on average

Market data

Listings

Summary

Homes listed

177

For sale and to let. Excludes 6 that are not homes or not monthly rents

Median asking price

£375K

Asking price range

£85K to £2.3M

Homes analysed

14,732

Behind the growth and area averages

For-sale listings equal 1.1% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

3.8%

  • Moderate indicative gross yield of 3.8%
  • Median asking rent £1K a month

HMO

Weak

Median asking price

£375K

  • High entry price (£375K) squeezes HMO returns
  • 13% of households rent privately
  • Most listings are terraced

Flip

Weak

Growth, 3 years

-1.5% a year

  • Prices moving -1.5% a year over 3 years raises resale risk
  • Slow exits: 101 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 166 in ME13.