At a Glance
Average Property Price - B61
£319,831
48
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B61
£39,272
55
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B61
4.0%
66
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The current average property price of £320,000 sits close to the national midpoint, reflecting a fairly typical market position. Over the past decade, prices have grown at 4.0% annually—moderately above the slowest-growing areas nationally, indicating steady but unspectacular appreciation. Transaction activity has eased, with 297 sales in the latest year compared to a 10-year average of 389, suggesting a quieter market than its historical norm.
Rent & Yield Trends
Average monthly rent of £1,056 is slightly above the national median, placing it in the upper-middle range for rental costs. Rent growth over the past decade has been strong at 4.4% annually—among the fastest-growing areas nationally, indicating sustained upward pressure on rental values. The current flat yield of 6.3% is notably higher than the 10-year average of 4.9%, reflecting improved rental returns for investors in recent years.
Income & Affordability Trends
Average household income of £39,272 is marginally above the national average, positioning the area in the middle band nationally. The price-to-income ratio of 7.7x has worsened since 2016 (when it stood at 7.2x), indicating that property prices have outpaced income growth over that period. Rental affordability has improved slightly; the rent-to-income ratio has fallen from 29.3% in 2016 to 28.8% today, easing the burden on renters.
Resident Demographic Profile
The population skews notably older than the national profile, with those aged 50 and above comprising 43.8% compared to 39.4% nationally, and over-65s at 22.3% against a national figure of 19.6%. Outright home ownership is above average at 38.2%, and mortgage ownership is also higher at 31.4%, reflecting a tenure profile weighted toward owned housing. The workforce is well-represented by professionals and managers (21.7% and 15.3% respectively), both slightly above national averages, whilst sales and plant/machine employment are notably underrepresented.