Postcode district

NR1

207 for-sale listings84 to-let listingsWarm market

Median asking price

£200K

Across 207 for-sale listings

Growth, 3 years

-1.4%

A year, annualised

Gross yield

6.9%

Indicative, from listing medians

Days on market

100

Average time on market

Investment overview

Median asking price

£200K

Average £233K, range £60K to £1.3M

Gross yield

6.9%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-1.4%
5 yr-0.1%
10 yr+2.3%

% a year, annualised over each horizon

Market heat

Warm

100 days average time on market

Median asking rent

£1,150/mo

Of 84 to-let listings

Most common type

Flat

2 bedrooms on average

Market data

Listings

Summary

Homes listed

291

For sale and to let. Excludes 8 that are not homes or not monthly rents

Median asking price

£200K

Asking price range

£60K to £1.3M

Homes analysed

16,979

Behind the growth and area averages

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

Strategy fit

Buy to let

Strong

Gross yield

6.9%

  • Indicative gross yield of 6.9% from listing medians
  • Median asking rent £1K a month

HMO

Moderate

Median asking price

£200K

  • Moderate entry price (£200K)
  • 31% of households rent privately
  • Most listings are flat

Flip

Weak

Growth, 3 years

-1.4% a year

  • Prices moving -1.4% a year over 3 years raises resale risk
  • Slow exits: 100 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 207 in NR1.