At a Glance
Average Property Price - CO1
£244,619
26
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO1
£43,895
72
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO1
3.4%
43
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The average property price in CO1 is £245,000, which sits below the national average. Over the past decade, prices have grown at 3.4% annually—a pace slightly slower than the national trend. Transaction activity has softened considerably, with 226 sales in the latest year against a 10-year average of 340, suggesting a notably quieter market.
Rent & Yield Trends
Average monthly rent across the CO postcode area stands at £1,123, placing it above the national median. Rental growth has been robust, expanding at 4.8% per year over a decade—among the fastest nationally. The flat yield has improved to 6.1%, up from a 10-year average of 4.9%, reflecting stronger rental returns relative to property values.
Income & Affordability Trends
Household income in CO1 averages £43,895 annually, comfortably above the national median. The purchase price-to-income ratio currently stands at 5.6x, having worsened slightly from 5.1x in 2016, indicating that buying power has not kept pace with price growth. Rental affordability has also tightened: renters now spend 27.8% of income on rent, compared to 24% in 2016.
Resident Demographic Profile
The population skews slightly older, with a notably higher share of residents aged 35–49 (21.1% vs 18.7% nationally) and lower representation of those aged 50–64 (16% vs 19.8%). The private rental sector is dominant, accounting for 38.1% of households—substantially above the national average of 21.7%—while outright ownership at 25% sits well below the national norm of 33.7%. The employment profile leans towards caring roles (11.5% vs 9.2% nationally) and technical positions (14.1% vs 13.2%), while trades workers are underrepresented at 8.7%.