Postcode district

NR11

193 for-sale listings15 to-let listingsWarm market

Median asking price

£350K

Across 193 for-sale listings

Growth, 3 years

+0.3%

A year, annualised

Gross yield

2.9%

Indicative, from listing medians

Days on market

110

Average time on market

Investment overview

Median asking price

£350K

Average £428K, range £45K to £1.4M

Gross yield

2.9%

Weak

Indicative gross yield from listing medians

Price growth

3 yr+0.3%
5 yr+1.0%
10 yr+3.4%

% a year, annualised over each horizon

Market heat

Warm

110 days average time on market

Median asking rent

£850/mo

Of 15 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

208

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

Median asking price

£350K

Asking price range

£45K to £1.4M

Homes analysed

10,333

Behind the growth and area averages

For-sale listings equal 1.9% of the homes analysed.

Strategy fit

Buy to let

Weak

Gross yield

2.9%

  • Low indicative gross yield of 2.9% limits rental returns
  • Median asking rent £850 a month

HMO

Weak

Median asking price

£350K

  • High entry price (£350K) squeezes HMO returns
  • 12% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

+0.3% a year

  • Prices moving +0.3% a year over 3 years raises resale risk
  • Slow exits: 110 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 193 in NR11.