Postcode district

TR7

120 for-sale listings23 to-let listingsWarm market

Median asking price

£355K

Across 120 for-sale listings

Growth, 3 years

-2.1%

A year, annualised

Gross yield

4.2%

Indicative, from listing medians

Days on market

57

Average time on market

Investment overview

Median asking price

£355K

Average £400K, range £70K to £1.8M

Gross yield

4.2%

Moderate

Indicative gross yield from listing medians

Price growth

3 yr-2.1%
5 yr+1.2%
10 yr+3.4%

% a year, annualised over each horizon

Market heat

Warm

57 days average time on market

Median asking rent

£1,250/mo

Of 23 to-let listings

Most common type

Flat

3 bedrooms on average

Market data

Listings

Summary

Homes listed

143

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

Median asking price

£355K

Asking price range

£70K to £1.8M

Homes analysed

12,642

Behind the growth and area averages

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

Strategy fit

Buy to let

Moderate

Gross yield

4.2%

  • Moderate indicative gross yield of 4.2%
  • Median asking rent £1K a month

HMO

Weak

Median asking price

£355K

  • High entry price (£355K) squeezes HMO returns
  • 24% of households rent privately
  • Most listings are flat

Flip

Weak

Growth, 3 years

-2.1% a year

  • Prices moving -2.1% a year over 3 years raises resale risk
  • 57 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 120 in TR7.