Postcode district

ME19

224 for-sale listings9 to-let listingsWarm market

Median asking price

£525K

Across 224 for-sale listings

Growth, 3 years

-1.2%

A year, annualised

Gross yield

3.8%

Indicative, from listing medians

Days on market

83

Average time on market

Investment overview

Median asking price

£525K

Average £642K, range £155K to £4.5M

Gross yield

3.8%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-1.2%
5 yr+1.1%
10 yr+2.1%

% a year, annualised over each horizon

Market heat

Warm

83 days average time on market

Median asking rent

£1,650/mo

Of 9 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

233

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

Median asking price

£525K

Asking price range

£155K to £4.5M

Homes analysed

11,834

Behind the growth and area averages

For-sale listings equal 1.9% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

3.8%

  • Moderate indicative gross yield of 3.8%
  • Median asking rent £2K a month

HMO

Weak

Median asking price

£525K

  • High entry price (£525K) squeezes HMO returns
  • 9% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-1.2% a year

  • Prices moving -1.2% 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 224 in ME19.