Postcode district

ME4

201 for-sale listings102 to-let listingsCool market

Median asking price

£230K

Across 201 for-sale listings

Growth, 3 years

-2.7%

A year, annualised

Gross yield

6.5%

Indicative, from listing medians

Days on market

104

Average time on market

Investment overview

Median asking price

£230K

Average £276K, range £70K to £825K

Gross yield

6.5%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-2.7%
5 yr-0.4%
10 yr+3.1%

% a year, annualised over each horizon

Market heat

Cool

104 days average time on market

Median asking rent

£1,250/mo

Of 102 to-let listings

Most common type

Terraced

3 bedrooms on average

Market data

Listings

Summary

Homes listed

303

For sale and to let. Excludes 1 that are not homes or not monthly rents

Median asking price

£230K

Asking price range

£70K to £825K

Homes analysed

16,418

Behind the growth and area averages

For-sale listings equal 1.2% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

6.5%

  • Indicative gross yield of 6.5% from listing medians
  • Median asking rent £1K a month

HMO

Moderate

Median asking price

£230K

  • Moderate entry price (£230K)
  • 31% of households rent privately
  • Most listings are terraced

Flip

Weak

Growth, 3 years

-2.7% a year

  • Prices moving -2.7% a year over 3 years raises resale risk
  • Slow exits: 104 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 201 in ME4.