At a Glance
Average Property Price - BN23
£293,365
40
National percentile
Average Monthly Rent - BN
£1,444
77
National percentile
Average Net Household Income - BN23
£37,103
45
National percentile
Flat / Maisonette Yield - BN
5.1%
23
National percentile
10-Year Annualised Price Growth - BN23
2.8%
24
National percentile
10-Year Annualised Rent Growth - BN
3.8%
48
National percentile
Property Price & Volume Trends
The average property price of £293,000 sits close to the national midpoint. Over the past decade, prices have grown at 2.8% per year—a slower pace than the national average, reflecting a more measured market. Transaction activity has softened recently, with 428 sales in the latest year compared to a 10-year average of 500, indicating reduced momentum.
Rent & Yield Trends
Rental costs average £1,444 per month, placing the area among the more expensive nationally for rent. Rent growth over the past decade has been 3.8% annually, roughly in line with the national trend. The flat yield stands at 5.1%, a meaningful improvement from the 10-year average of 4.3%, suggesting better returns for buy-to-let investors at present.
Income & Affordability Trends
Average household income of £37,103 is slightly below the national average. Purchase affordability has deteriorated: the price-to-income ratio has risen from 7.9x in 2016 to 8.5x today, indicating homes have become less affordable relative to local earnings. Rental affordability has also worsened, with the rent-to-income ratio increasing from 35.6% to 37.9% over the same period.
Resident Demographic Profile
The population is notably older than average, with over a quarter aged 65 and above compared to one-fifth nationally; conversely, young adults aged 16–24 are underrepresented at 8.5% versus 11% nationally. Outright ownership is above average at 38.8%, reflecting the older demographic, while private rental is correspondingly below average. The employment mix shows a pronounced concentration in caring roles at 13.3%—well above the national average of 9.2%—and a notably strong trades workforce at 12.3%.