Postcode district

NR16

112 for-sale listings5 to-let listingsWarm market

Median asking price

£398K

Across 112 for-sale listings

Growth, 3 years

+0.2%

A year, annualised

Gross yield

5.4%

Indicative, from listing medians

Days on market

89

Average time on market

Investment overview

Median asking price

£398K

Average £508K, range £150K to £1.5M

Gross yield

5.4%

Strong

Indicative gross yield from listing medians

Price growth

3 yr+0.2%
5 yr-0.1%
10 yr+3.6%

% a year, annualised over each horizon

Market heat

Warm

89 days average time on market

Median asking rent

£1,800/mo

Of 5 to-let listings

Most common type

Detached

4 bedrooms on average

Market data

Listings

Summary

Homes listed

117

For sale and to let. Excludes 2 that are not homes or not monthly rents

Median asking price

£398K

Asking price range

£150K to £1.5M

Homes analysed

6,017

Behind the growth and area averages

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

Strategy fit

Buy to let

Strong

Gross yield

5.4%

  • Indicative gross yield of 5.4% from listing medians
  • Median asking rent £2K a month

HMO

Weak

Median asking price

£398K

  • High entry price (£398K) squeezes HMO returns
  • 12% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

+0.2% a year

  • Prices moving +0.2% a year over 3 years raises resale risk
  • 89 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 112 in NR16.