At a Glance
Average Property Price - BN27
£347,829
56
National percentile
Average Monthly Rent - BN
£1,444
77
National percentile
Average Net Household Income - BN27
£39,035
54
National percentile
Flat / Maisonette Yield - BN
5.1%
23
National percentile
10-Year Annualised Price Growth - BN27
3.1%
31
National percentile
10-Year Annualised Rent Growth - BN
3.8%
48
National percentile
Property Price & Volume Trends
The latest average property price is £348,000, close to the national median. Over the past decade, prices have grown at 3.1% per year—below the national average pace. Transaction activity has eased recently: 475 sales in the latest year compared with a ten-year average of 602, suggesting a moderately softened market.
Rent & Yield Trends
Monthly rents average £1,444 in the wider area, placing the region among the most expensive for rental accommodation nationally. Rent growth over ten years has been 3.8% annually—broadly in line with the national trend. The flat yield currently stands at 5.1%, a noticeable improvement on the ten-year average of 4.3%, reflecting the recent shift in favour of rental income relative to capital growth.
Income & Affordability Trends
Average household income of £39,035 is near the national average. However, affordability has tightened: the price-to-income ratio has risen from 8.0x in 2016 to 9.3x today, indicating properties now take longer to afford relative to local earnings. Rental affordability has also worsened, with the rent-to-income ratio climbing from 35.6% to 37.9% over the same period, suggesting rental costs have outpaced income growth.
Resident Demographic Profile
The population is notably older than average, with over a quarter aged 65 and above (compared to 19.6% nationally) and a correspondingly lower share of young adults aged 16–24 at 8.3%. Housing tenure shows strong owner-occupation: 44.1% own their home outright, well above the national figure of 33.7%, while private rental accommodation at 13.5% is markedly below average. The employment profile leans toward trades, caring, and managerial roles, with professionals slightly underrepresented compared to the national mix.