Postcode district

NG16

312 for-sale listings28 to-let listingsWarm market

Median asking price

£247K

Across 312 for-sale listings

Growth, 3 years

+1.6%

A year, annualised

Gross yield

4.2%

Indicative, from listing medians

Days on market

90

Average time on market

Investment overview

Median asking price

£247K

Average £287K, range £59K to £2.5M

Gross yield

4.2%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr+1.6%
5 yr+3.6%
10 yr+4.8%

% a year, annualised over each horizon

Market heat

Warm

90 days average time on market

Median asking rent

£862/mo

Of 28 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

340

For sale and to let. Excludes 6 that are not homes or not monthly rents

Median asking price

£247K

Asking price range

£59K to £2.5M

Homes analysed

30,118

Behind the growth and area averages

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

Strategy fit

Buy to let

Moderate

Gross yield

4.2%

  • Moderate indicative gross yield of 4.2%
  • Median asking rent £862 a month

HMO

Moderate

Median asking price

£247K

  • Moderate entry price (£247K)
  • 12% of households rent privately
  • Most listings are detached

Flip

Moderate

Growth, 3 years

+1.6% a year

  • Prices rising +1.6% a year over 3 years
  • 90 days average time on market
  • Long-run growth of +4.8% a year over 10 years

Recent listings

The 6 most recently updated for-sale listings, a sample of 312 in NG16.