At a Glance
Average Property Price - CO11
£387,377
64
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO11
£43,383
71
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO11
4.5%
79
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The average property price of £387,000 sits above the national midpoint, placing it among higher-priced areas nationally. Over the past decade, the district has experienced strong capital growth of 4.5% annually — well above the typical pace nationally. Transaction activity in the latest year reached 276 sales, down from a 10-year average of 322, suggesting a modest cooling in market momentum.
Rent & Yield Trends
Average monthly rent of £1,123 is slightly above the national norm for the broader CO postcode area. Rental growth has been particularly robust over the past decade at 4.8% annually, markedly outpacing typical national trends. The flat yield currently stands at 6.1%, a meaningful improvement from its 10-year average of 4.9%, indicating strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £43,383 is noticeably above the national average, placing the area in the higher earnings bracket. However, the price-to-income ratio has risen to 9.5x from 7.4x in 2016, reflecting faster house price growth than income growth and a material tightening of purchase affordability. Rental affordability has similarly compressed, with the rent-to-income ratio rising from 24% to 27.8% over the same period, indicating that a larger share of income is now needed to cover rental costs.
Resident Demographic Profile
The population skews notably older: those aged 50–64 represent 22.4% of residents (well above the national average of 19.8%), and pensioners aged 65+ comprise 25.2% compared to 19.6% nationally. Conversely, young adults aged 16–24 are significantly underrepresented at 7.8% versus 11.0% nationally. The area has an exceptionally high rate of outright ownership at 43.1%, far exceeding the national figure of 33.7%, while private rental tenure is correspondingly lower at 15.4%. The employment mix leans towards managerial and professional roles, with managers at 16.5% (above the national 13.4%) and technical workers at 14.8% (above 13.2%), reflecting a relatively affluent, mature workforce.