At a Glance
Average Property Price - B76
£339,925
54
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B76
£43,495
71
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B76
4.1%
68
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The latest average property price of £340,000 sits close to the national midpoint, placing it squarely in the middle of the market. Over the past decade, prices have grown at 4.1% annually—a pace that outpaces most UK regions. Transaction activity has slowed compared to its 10-year average, with 255 sales in the latest year against a historical average of 336, reflecting the softer market of recent years.
Rent & Yield Trends
Average monthly rents of £1,056 are in line with the national middle ground. Rental growth has been notably strong over the past decade at 4.4% per year—among the fastest-growing areas nationally. The flat yield currently stands at 6.3%, a meaningful rise from its 10-year average of 4.9%, indicating improved returns for landlords in the recent market cycle.
Income & Affordability Trends
Average household income of £43,495 sits above the national median, placing the area among more affluent regions. The price-to-income ratio of 7.6x has remained essentially flat since 2016, suggesting that house prices have kept pace with earnings growth. Rental affordability has improved slightly, with the rent-to-income ratio falling from 29.3% in 2016 to 28.8% today, easing pressure on tenants over the period.
Resident Demographic Profile
The population skews notably older than the national average, with over one-in-four residents aged 65 and above, compared to a national norm of 20%. The 50–64 age group is also overrepresented at 22%, whilst younger adults aged 16–24 are significantly underrepresented at just 8%. Owner-occupation is the dominant tenure, with 45% owning outright and a further 36% with mortgages—substantially above national norms—whilst private rental and social rented homes are correspondingly less prevalent. The workforce is heavily skewed towards professional and managerial roles, which together account for 42% of employment, well above the national combined average of 34%.