Postcode district

ME16

180 for-sale listings41 to-let listingsWarm market

Median asking price

£325K

Across 180 for-sale listings

Growth, 3 years

-1.3%

A year, annualised

Gross yield

4.2%

Indicative, from listing medians

Days on market

80

Average time on market

Investment overview

Median asking price

£325K

Average £380K, range £80K to £5.0M

Gross yield

4.2%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-1.3%
5 yr-0.2%
10 yr+2.8%

% a year, annualised over each horizon

Market heat

Warm

80 days average time on market

Median asking rent

£1,150/mo

Of 41 to-let listings

Most common type

Flat

3 bedrooms on average

Market data

Listings

Summary

Homes listed

221

For sale and to let. Excludes 4 that are not homes or not monthly rents

Median asking price

£325K

Asking price range

£80K to £5.0M

Homes analysed

16,355

Behind the growth and area averages

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

Strategy fit

Buy to let

Moderate

Gross yield

4.2%

  • Moderate indicative gross yield of 4.2%
  • Median asking rent £1K a month

HMO

Moderate

Median asking price

£325K

  • Moderate entry price (£325K)
  • 20% of households rent privately
  • Most listings are flat

Flip

Weak

Growth, 3 years

-1.3% a year

  • Prices moving -1.3% a year over 3 years raises resale risk
  • 80 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 180 in ME16.