At a Glance
Average Property Price - CH42
£173,906
7
National percentile
Average Monthly Rent - CH
£855
27
National percentile
Average Net Household Income - CH42
£29,434
7
National percentile
Flat / Maisonette Yield - CH
5.2%
27
National percentile
10-Year Annualised Price Growth - CH42
4.3%
75
National percentile
10-Year Annualised Rent Growth - CH
3.8%
46
National percentile
Property Price & Volume Trends
The average property price of £174,000 places CH42 among the cheapest nationally. Over the past decade, prices have grown at 4.3% annually, which is notably faster than most UK areas. Transaction activity in the latest full year was 348 sales, down from a 10-year average of 391, indicating a modest softening in market activity.
Rent & Yield Trends
Average monthly rent of £855 sits below the national average, reflecting the area's affordability. Rental growth over the past decade has been moderate at 3.8% annually, broadly in line with national trends. The flat yield has improved to 5.2% from a 10-year average of 4.6%, indicating that rental income is becoming more attractive relative to property values.
Income & Affordability Trends
Household income averages £29,434, placing the area among the lowest nationally. The price-to-income ratio has widened to 5.3x from 5.0x in 2016, signalling that property prices have outpaced income growth and affordability has declined. Rental affordability has also tightened slightly, with the rent-to-income ratio rising from 24% to 24.5%, though it remains reasonable.
Resident Demographic Profile
The area has a notably higher proportion of children under 15 (20.7% vs 17.5% nationally) and a higher share of caring occupations (14.6% vs 9.2%), suggesting a family-oriented demographic. Private rental tenure is significantly above average at 30.2%, and social rented housing is also elevated at 24.2%, reflecting lower ownership rates. Elementary occupations are notably higher at 13.5%, and professional roles are below average at 14.2%, indicating a working-class employment profile.