Postcode district

SM1

198 for-sale listings48 to-let listingsWarm market

Median asking price

£400K

Across 198 for-sale listings

Growth, 3 years

-0.4%

A year, annualised

Gross yield

5.7%

Indicative, from listing medians

Days on market

71

Average time on market

Investment overview

Median asking price

£400K

Average £422K, range £170K to £900K

Gross yield

5.7%

Strong

Indicative gross yield from listing medians

Price growth

3 yr-0.4%
5 yr+0.8%
10 yr+2.4%

% a year, annualised over each horizon

Market heat

Warm

71 days average time on market

Median asking rent

£1,900/mo

Of 48 to-let listings

Most common type

Flat

2 bedrooms on average

Market data

Listings

Summary

Homes listed

246

For sale and to let

Median asking price

£400K

Asking price range

£170K to £900K

Homes analysed

19,320

Behind the growth and area averages

For-sale listings equal 1.0% 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 £2K a month

HMO

Weak

Median asking price

£400K

  • High entry price (£400K) squeezes HMO returns
  • 25% of households rent privately
  • Most listings are flat

Flip

Weak

Growth, 3 years

-0.4% a year

  • Prices moving -0.4% a year over 3 years raises resale risk
  • 71 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 198 in SM1.