Postcode district

NG7

221 for-sale listings130 to-let listingsWarm market

Median asking price

£200K

Across 221 for-sale listings

Growth, 3 years

-1.3%

A year, annualised

Gross yield

5.3%

Indicative, from listing medians

Days on market

99

Average time on market

Investment overview

Median asking price

£200K

Average £259K, range £50K to £1.6M

Gross yield

5.3%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-1.3%
5 yr+1.5%
10 yr+3.1%

% a year, annualised over each horizon

Market heat

Warm

99 days average time on market

Median asking rent

£884/mo

Of 130 to-let listings

Most common type

Flat

3 bedrooms on average

Market data

Listings

Summary

Homes listed

351

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

Median asking price

£200K

Asking price range

£50K to £1.6M

Homes analysed

25,933

Behind the growth and area averages

For-sale listings equal 0.9% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

5.3%

  • Indicative gross yield of 5.3% from listing medians
  • Median asking rent £884 a month

HMO

Strong

Median asking price

£200K

  • Low entry price (£200K) keeps conversion costs viable
  • 50% of households rent privately
  • Most listings are flat

Flip

Weak

Growth, 3 years

-1.3% a year

  • Prices moving -1.3% a year over 3 years raises resale risk
  • Slow exits: 99 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 221 in NG7.