Postcode district

ME3

140 for-sale listings4 to-let listingsWarm market

Median asking price

£375K

Across 140 for-sale listings

Growth, 3 years

-0.1%

A year, annualised

Gross yield

-

Needs 5 or more listings to let and for sale

Days on market

84

Average time on market

Investment overview

Median asking price

£375K

Average £411K, range £11K to £1.9M

Gross yield

-

Needs 5 or more listings to let and for sale

Price growth

3 yr-0.1%
5 yr+1.7%
10 yr+3.7%

% a year, annualised over each horizon

Market heat

Warm

84 days average time on market

Median asking rent

£1,475/mo

Of 4 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

144

For sale and to let

Median asking price

£375K

Asking price range

£11K to £1.9M

Homes analysed

13,445

Behind the growth and area averages

For-sale listings equal 1.0% of the homes analysed.

Strategy fit

Buy to let

Not assessed

Gross yield

-

  • Fewer than 5 listings to let or for sale in ME3, too few for an indicative yield.

HMO

Weak

Median asking price

£375K

  • High entry price (£375K) squeezes HMO returns
  • 8% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-0.1% a year

  • Prices moving -0.1% a year over 3 years raises resale risk
  • 84 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 140 in ME3.