Postcode district

ME8

127 for-sale listings17 to-let listingsWarm market

Median asking price

£350K

Across 127 for-sale listings

Growth, 3 years

-0.5%

A year, annualised

Gross yield

4.3%

Indicative, from listing medians

Days on market

67

Average time on market

Investment overview

Median asking price

£350K

Average £373K, range £60K to £850K

Gross yield

4.3%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-0.5%
5 yr+1.6%
10 yr+3.1%

% a year, annualised over each horizon

Market heat

Warm

67 days average time on market

Median asking rent

£1,250/mo

Of 17 to-let listings

Most common type

Terraced

3 bedrooms on average

Market data

Listings

Summary

Homes listed

144

For sale and to let

Median asking price

£350K

Asking price range

£60K to £850K

Homes analysed

22,355

Behind the growth and area averages

For-sale listings equal 0.6% 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

£350K

  • High entry price (£350K) squeezes HMO returns
  • 11% of households rent privately
  • Most listings are terraced

Flip

Weak

Growth, 3 years

-0.5% a year

  • Prices moving -0.5% a year over 3 years raises resale risk
  • 67 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 127 in ME8.