Postcode district

SN16

77 for-sale listings6 to-let listingsWarm market

Median asking price

£499K

Across 77 for-sale listings

Growth, 3 years

+0.9%

A year, annualised

Gross yield

3.5%

Indicative, from listing medians

Days on market

96

Average time on market

Investment overview

Median asking price

£499K

Average £651K, range £125K to £7.5M

Gross yield

3.5%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr+0.9%
5 yr0.0%
10 yr+2.9%

% a year, annualised over each horizon

Market heat

Warm

96 days average time on market

Median asking rent

£1,475/mo

Of 6 to-let listings

Most common type

Detached

4 bedrooms on average

Market data

Listings

Summary

Homes listed

83

For sale and to let. Excludes 1 that are not homes or not monthly rents

Median asking price

£499K

Asking price range

£125K to £7.5M

Homes analysed

7,227

Behind the growth and area averages

For-sale listings equal 1.1% of the homes analysed.

Strategy fit

Buy to let

Moderate

Gross yield

3.5%

  • Moderate indicative gross yield of 3.5%
  • Median asking rent £1K a month

HMO

Weak

Median asking price

£499K

  • High entry price (£499K) squeezes HMO returns
  • 15% of households rent privately
  • Most listings are detached

Flip

Weak

Growth, 3 years

+0.9% a year

  • Prices moving +0.9% a year over 3 years raises resale risk
  • Slow exits: 96 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 77 in SN16.