Postcode district

PE21

180 for-sale listings33 to-let listingsWarm market

Median asking price

£169K

Across 180 for-sale listings

Growth, 3 years

-1.4%

A year, annualised

Gross yield

5.7%

Indicative, from listing medians

Days on market

99

Average time on market

Investment overview

Median asking price

£169K

Average £209K, range £40K to £1.8M

Gross yield

5.7%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-1.4%
5 yr+0.6%
10 yr+2.4%

% a year, annualised over each horizon

Market heat

Warm

99 days average time on market

Median asking rent

£800/mo

Of 33 to-let listings

Most common type

Detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

213

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

Median asking price

£169K

Asking price range

£40K to £1.8M

Homes analysed

22,241

Behind the growth and area averages

For-sale listings equal 0.8% 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 £800 a month

HMO

Strong

Median asking price

£169K

  • Low entry price (£169K) keeps conversion costs viable
  • 23% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

-1.4% a year

  • Prices moving -1.4% a year over 3 years raises resale risk
  • Slow exits: 99 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 180 in PE21.