At a Glance
Average Property Price - BD24
£318,328
48
National percentile
Average Monthly Rent - BD
£735
15
National percentile
Average Net Household Income - BD24
£37,406
46
National percentile
Flat / Maisonette Yield - BD
5.7%
57
National percentile
10-Year Annualised Price Growth - BD24
2.7%
20
National percentile
10-Year Annualised Rent Growth - BD
3.7%
40
National percentile
Property Price & Volume Trends
The average property price in BD24 stands at £318,000, broadly in line with the national median. However, the district has experienced notably slower price growth over the past decade, with annualised growth of 2.7%—among the slowest nationally. Transaction activity has also softened, with 84 sales in the latest full year compared to an average of 100 annually over the past ten years, reflecting a more subdued market.
Rent & Yield Trends
Average monthly rent in the broader BD postcode is £735, considerably below the national average, reflecting the rural character of the area. Rental growth over the past decade has been moderate at 3.7% per annum. The flat yield has improved slightly to 5.7% from a ten-year average of 5.4%, suggesting rental investment remains modestly attractive relative to recent history.
Income & Affordability Trends
Average household income of £37,406 is close to the national average. Purchase affordability has deteriorated noticeably: the price-to-income ratio has risen to 9.4x from 7.8x in 2016, making properties significantly harder to afford relative to local earnings. Rental affordability has also declined, with the rent-to-income ratio increasing from 24% to 25.5% over the same period.
Resident Demographic Profile
BD24 has a notably elderly population: over one-third of residents are aged 65 or over, almost twice the national average, whilst those aged under 35 are significantly underrepresented. Housing tenure is heavily skewed towards outright ownership at over half of all properties, well above the national norm of 34%, reflecting the area's established residential character and retired population. The employment mix shows a pronounced concentration in trades (16.4%), suggesting a strong practical and skilled workforce, whilst professional roles are somewhat underrepresented.