Postcode district

NG23

127 for-sale listings5 to-let listingsCool market

Median asking price

£460K

Across 127 for-sale listings

Growth, 3 years

-1.5%

A year, annualised

Gross yield

5.0%

Indicative, from listing medians

Days on market

103

Average time on market

Investment overview

Median asking price

£460K

Average £516K, range £55K to £2.3M

Gross yield

5.0%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-1.5%
5 yr+0.6%
10 yr+3.0%

% a year, annualised over each horizon

Market heat

Cool

103 days average time on market

Median asking rent

£1,900/mo

Of 5 to-let listings

Most common type

Detached

4 bedrooms on average

Market data

Listings

Summary

Homes listed

132

For sale and to let. Excludes 10 that are not homes or not monthly rents

Median asking price

£460K

Asking price range

£55K to £2.3M

Homes analysed

8,704

Behind the growth and area averages

For-sale listings equal 1.5% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

5.0%

  • Moderate indicative gross yield of 5.0%
  • Median asking rent £2K a month

HMO

Weak

Median asking price

£460K

  • High entry price (£460K) squeezes HMO returns
  • 9% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-1.5% a year

  • Prices moving -1.5% a year over 3 years raises resale risk
  • Slow exits: 103 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 127 in NG23.