At a Glance
Average Property Price - BN24
£373,610
62
National percentile
Average Monthly Rent - BN
£1,444
77
National percentile
Average Net Household Income - BN24
£40,432
60
National percentile
Flat / Maisonette Yield - BN
5.1%
23
National percentile
10-Year Annualised Price Growth - BN24
3.4%
42
National percentile
10-Year Annualised Rent Growth - BN
3.8%
48
National percentile
Property Price & Volume Trends
The average property price in BN24 is £374,000, placing it slightly above the national midpoint. Over the past decade, prices have grown at 3.4% per year—below the national average pace. Annual transaction volumes have declined to 170 sales in the latest year, down from a 10-year average of 227, suggesting a softer market relative to its longer-term activity.
Rent & Yield Trends
Average monthly rents in the broader BN area stand at £1,444, well above the national norm. Rental growth has averaged 3.8% annually over the past decade, close to the national pace. The flat yield has risen to 5.1%, comfortably above its 10-year average of 4.3%, indicating a favourable shift toward rental returns for investors.
Income & Affordability Trends
Average household income is £40,432, slightly above the national midpoint. The price-to-income ratio of 9.0x has drifted upward from 8.3x in 2016, showing that property prices have outpaced income growth and affordability has tightened for buyers. Rental affordability has similarly compressed, with rents now consuming 37.9% of income compared to 35.6% a decade ago.
Resident Demographic Profile
The population is notably older than the national average, with 26.8% aged 65 and above—well above the 19.6% national figure—and only 8.4% aged 16–24, below the 11.0% national average. Owner-occupation is exceptionally strong at 80.4% (outright plus mortgaged), driven by a particularly high outright ownership rate of 44.8% versus 33.7% nationally. The employment mix leans toward managers and technical roles, which are slightly elevated, while elementary workers are underrepresented.