At a Glance
Average Property Price - CH45
£236,915
23
National percentile
Average Monthly Rent - CH
£855
27
National percentile
Average Net Household Income - CH45
£34,336
27
National percentile
Flat / Maisonette Yield - CH
5.2%
27
National percentile
10-Year Annualised Price Growth - CH45
4.5%
81
National percentile
10-Year Annualised Rent Growth - CH
3.8%
46
National percentile
Property Price & Volume Trends
The latest average property price in CH45 is £237,000, placing it below the national average. Over the past decade, the area has experienced annualised price growth of 4.5%, which is notably faster than most UK locations. Transaction activity has moderated slightly, with 431 sales in the latest full year compared to a 10-year average of 493 annually.
Rent & Yield Trends
Average monthly rents in the broader CH postcode area stand at £855, below the national median. Rental growth over ten years has been modest at 3.8% annually, in line with the UK trend. The flat yield has strengthened to 5.2%, up from a 10-year average of 4.6%, reflecting improved income returns for landlords.
Income & Affordability Trends
Average net household income is £34,336, notably below the national average. The price-to-income ratio has risen to 6.0x from 5.5x in 2016, indicating that property has become less affordable relative to local earnings. Rental affordability has deteriorated slightly, with rent consuming 24.5% of income compared to 24% in 2016.
Resident Demographic Profile
The population skews significantly older than the national profile: those aged 50–64 comprise 23.2% (versus 19.8% nationally) and those 65+ represent 22.3% (against 19.6% nationally), reflecting the area's appeal to retirees. Housing tenure is weighted heavily towards ownership, with 36.8% owning outright and a further 31% holding mortgages, well above national figures. The workforce is notably strong in technical roles at 14.4% and caring professions at 10.9%, while managerial representation at 10.5% is below the national average.