Postcode district

ME15

218 for-sale listings50 to-let listingsWarm market

Median asking price

£353K

Across 218 for-sale listings

Growth, 3 years

-0.7%

A year, annualised

Gross yield

4.3%

Indicative, from listing medians

Days on market

83

Average time on market

Investment overview

Median asking price

£353K

Average £426K, range £110K to £6.0M

Gross yield

4.3%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-0.7%
5 yr+1.1%
10 yr+3.5%

% a year, annualised over each horizon

Market heat

Warm

83 days average time on market

Median asking rent

£1,250/mo

Of 50 to-let listings

Most common type

Terraced

3 bedrooms on average

Market data

Listings

Summary

Homes listed

268

For sale and to let. Excludes 2 that are not homes or not monthly rents

Median asking price

£353K

Asking price range

£110K to £6.0M

Homes analysed

23,880

Behind the growth and area averages

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

Strategy fit

Buy to let

Moderate

Gross yield

4.3%

  • Moderate indicative gross yield of 4.3%
  • Median asking rent £1K a month

HMO

Weak

Median asking price

£353K

  • High entry price (£353K) squeezes HMO returns
  • 14% of households rent privately
  • Most listings are terraced

Flip

Weak

Growth, 3 years

-0.7% a year

  • Prices moving -0.7% a year over 3 years raises resale risk
  • 83 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 218 in ME15.