Postcode district

PE1

199 for-sale listings108 to-let listingsWarm market

Median asking price

£190K

Across 199 for-sale listings

Growth, 3 years

+0.3%

A year, annualised

Gross yield

5.7%

Indicative, from listing medians

Days on market

94

Average time on market

Investment overview

Median asking price

£190K

Average £207K, range £20K to £825K

Gross yield

5.7%

Strong

Indicative gross yield from listing medians

Price growth

3 yr+0.3%
5 yr+3.5%
10 yr+4.4%

% a year, annualised over each horizon

Market heat

Warm

94 days average time on market

Median asking rent

£900/mo

Of 108 to-let listings

Most common type

Flat

3 bedrooms on average

Market data

Listings

Summary

Homes listed

307

For sale and to let. Excludes 4 that are not homes or not monthly rents

Median asking price

£190K

Asking price range

£20K to £825K

Homes analysed

22,474

Behind the growth and area averages

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

Strategy fit

Buy to let

Strong

Gross yield

5.7%

  • Indicative gross yield of 5.7% from listing medians
  • Median asking rent £900 a month

HMO

Strong

Median asking price

£190K

  • Low entry price (£190K) keeps conversion costs viable
  • 32% of households rent privately
  • Most listings are flat

Flip

Weak

Growth, 3 years

+0.3% a year

  • Prices moving +0.3% a year over 3 years raises resale risk
  • Slow exits: 94 days average time on market
  • Long-run growth of +4.4% a year over 10 years

Recent listings

The 6 most recently updated for-sale listings, a sample of 199 in PE1.