At a Glance
Average Property Price - CO12
£264,038
32
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO12
£36,161
39
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO12
4.7%
84
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The average property price in CO12 stands at £264,000, placing it below the national average. Over the past decade, the district has seen annualised price growth of 4.7%, which ranks among the fastest-growing areas nationally. Transaction activity has slowed in the latest year, with 288 sales recorded compared to an average of 386 annually over the previous ten years.
Rent & Yield Trends
Monthly rental levels average £1,123 across the CO postcode area, slightly above the national median. Rents have grown at 4.8% per year over the past decade, significantly outpacing the national average. The flat yield currently stands at 6.1%, a noticeable improvement from its ten-year average of 4.9%, reflecting the strengthening rental market.
Income & Affordability Trends
Average net household income in CO12 is £36,161, below the national average. The current price-to-income ratio of 7.1x indicates that affordability has deteriorated since 2016, when the ratio stood at 5.5x. Rental affordability has similarly worsened, with rents now consuming 27.8% of household income compared to 24% in 2016.
Resident Demographic Profile
The population is notably older than the national average, with 24.1% aged 65 and over compared to 19.6% nationally, while those aged 16–24 are significantly underrepresented at 9.9%. Housing tenure reflects strong owner-occupation, with 38.7% owning their homes outright—well above the national average of 33.7%—whilst social rented housing is less prevalent at 11.3%. The employment mix is distinctive for a high proportion in caring occupations at 14.3%, nearly 50% above the national average, alongside stronger representation in trades and elementary roles.