At a Glance
Average Property Price - CO13
£368,885
60
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO13
£34,945
31
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO13
3.4%
44
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The latest average property price in CO13 is £369,000, positioning it around the middle of the national market. Over the past decade, prices have grown at 3.4% annually—a below-average rate compared with national growth. Transaction volumes have eased to 269 sales in the latest full year, down from a 10-year average of 322 per year.
Rent & Yield Trends
Average monthly rents in the broader CO postcode area stand at £1,123, slightly above the national mid-point. Rental growth over the past decade has been notably strong at 4.8% annually, placing it among the fastest-growing regions nationally. The flat yield has expanded to 6.1%, up from a 10-year average of 4.9%, reflecting improving rental returns for investors.
Income & Affordability Trends
Average net household income of £35,000 sits well below the national median, in the lower third nationally. Purchase affordability has deteriorated: the price-to-income ratio has risen from 8.8x in 2016 to 10.8x today, making property increasingly expensive relative to local earnings. Rental affordability has also weakened, with rent-to-income rising from 24% to 27.8% over the same period.
Resident Demographic Profile
The population is significantly older than average, with nearly 40% aged 65 and above compared to the national 19.6%, and only 12.8% under 15 versus the national 17.5%. Housing tenure strongly favours outright ownership at 56.5%—markedly above the national 33.7%—reflecting a retirement-focused demographic. The employment mix shows above-average shares in trades (14.4%), caring professions (12.7%), and management roles (14.1%), while professionals are underrepresented at 14.1%.