Postcode district

NR1

192 for-sale listings64 to-let listingsWarm market

Median asking price

£190K

Across 192 for-sale listings

Growth, 3 years

-1.5%

A year, annualised

Gross yield

7.4%

Indicative, from listing medians

Days on market

90

Average time on market

Investment overview

Median asking price

£190K

Average £232K, range £50K to £1.3M

Gross yield

7.4%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-1.5%
5 yr0.0%
10 yr+2.2%

% a year, annualised over each horizon

Market heat

Warm

90 days average time on market

Median asking rent

£1,175/mo

Of 64 to-let listings

Most common type

Flat

2 bedrooms on average

Market data

Listings

Summary

Homes listed

256

For sale and to let. Excludes 7 that are not homes or not monthly rents

Median asking price

£190K

Asking price range

£50K to £1.3M

Homes analysed

16,979

Behind the growth and area averages

For-sale listings equal 1.1% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

7.4%

  • Indicative gross yield of 7.4% from listing medians
  • Median asking rent £1K a month

HMO

Strong

Median asking price

£190K

  • Low entry price (£190K) keeps conversion costs viable
  • 31% of households rent privately
  • Most listings are flat

Flip

Weak

Growth, 3 years

-1.5% a year

  • Prices moving -1.5% a year over 3 years raises resale risk
  • Slow exits: 90 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 192 in NR1.