At a Glance
Average Property Price - CA24
£130,823
1
National percentile
Average Monthly Rent - CA
£661
3
National percentile
Average Net Household Income - CA24
£34,400
28
National percentile
Flat / Maisonette Yield - CA
5.3%
34
National percentile
10-Year Annualised Price Growth - CA24
2.4%
15
National percentile
10-Year Annualised Rent Growth - CA
3.1%
8
National percentile
Property Price & Volume Trends
The latest average property price stands at £131,000, placing it among the least expensive districts nationally. Over the past decade, prices have grown at an annualised rate of 2.4%, which is below the typical pace seen across England and Wales. Transaction activity has eased recently, with 15 sales recorded in the latest full year compared to a 10-year average of 18 per year.
Rent & Yield Trends
Average monthly rent in the broader CA postcode area is £661, well below the national median. Rents have grown at 3.1% per year over the past decade, slower than the national trend. The flat yield currently stands at 5.3%, a meaningful improvement on the 10-year average of 4.5%, reflecting the stronger income returns available to landlords in this market.
Income & Affordability Trends
Average household income of £34,400 is notably below the national average. The price-to-income ratio of 2.5x represents strong affordability for buyers, and has improved significantly from 3.8x in 2016, making homeownership considerably more achievable. Rental affordability has shifted slightly in the opposite direction, with rent-to-income now at 20.5% compared to 19.5% in 2016, indicating that renters face fractionally higher cost burdens than a decade ago.
Resident Demographic Profile
The population skews older than the national average, with those aged 50–64 accounting for 22.9% and those 65+ for 22.6%, both well above the 19.8% and 19.6% national figures respectively. Outright homeownership is notably higher at 41.4% versus the national 33.7%, reflecting the prevalence of older residents with paid-off mortgages. The employment profile is more heavily weighted towards trades (13.6%) and elementary occupations (13.9%), and notably lighter on manager roles (7.6%), compared to the national average of 13.4%.