Postcode district

SM3

89 for-sale listings23 to-let listingsWarm market

Median asking price

£500K

Across 89 for-sale listings

Growth, 3 years

+1.1%

A year, annualised

Gross yield

5.4%

Indicative, from listing medians

Days on market

78

Average time on market

Investment overview

Median asking price

£500K

Average £506K, range £230K to £1.1M

Gross yield

5.4%

Strong

Indicative gross yield from listing medians

Price growth

3 yr+1.1%
5 yr+2.6%
10 yr+3.8%

% a year, annualised over each horizon

Market heat

Warm

78 days average time on market

Median asking rent

£2,250/mo

Of 23 to-let listings

Most common type

Flat

3 bedrooms on average

Market data

Listings

Summary

Homes listed

112

For sale and to let

Median asking price

£500K

Asking price range

£230K to £1.1M

Homes analysed

8,699

Behind the growth and area averages

For-sale listings equal 1.0% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

5.4%

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

HMO

Weak

Median asking price

£500K

  • High entry price (£500K) squeezes HMO returns
  • 14% of households rent privately
  • Most listings are flat

Flip

Moderate

Growth, 3 years

+1.1% a year

  • Prices rising +1.1% a year over 3 years
  • 78 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 89 in SM3.