At a Glance
Average Property Price - CO14
£267,075
33
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO14
£34,683
29
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO14
4.0%
65
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The average property price in CO14 stands at £267,075, positioning it below the national average. Over the past decade, prices have grown at 4.0% annually—a moderate pace compared to the UK overall, sitting around the middle of the national distribution. Transaction activity has softened: 122 sales were recorded in the latest full year, down from a 10-year annual average of 157, suggesting a less buoyant market than in previous cycles.
Rent & Yield Trends
Average monthly rents in the broader CO postcode area stand at £1,123, placing them above the national midpoint. Rental growth has been notably strong: 10-year annualised growth of 4.8% is among the fastest in the UK, reflecting sustained demand for rental stock. Yields have improved materially, rising to 6.1% in the latest year from a 10-year average of 4.9%, indicating that rental income has grown faster than capital values—a favourable shift for buy-to-let investors.
Income & Affordability Trends
Average household income in CO14 is £34,683, significantly below the national average. Affordability for purchasers has deteriorated: the price-to-income ratio has risen from 6.2x in 2016 to 8.2x today, reflecting price growth outpacing wage gains. Rental affordability has similarly worsened: the rent-to-income ratio has increased from 24% to 27.8% over the same period, meaning rental costs now consume a notably larger share of household budgets.
Resident Demographic Profile
CO14 has a distinctly aged population: those aged 65 and over account for 39.3% of residents, more than double the national average of 19.6%. Conversely, younger age groups are significantly under-represented—those under 34 comprise just 13.3% of the population compared to a national average of 24.9%. The housing stock reflects this profile: outright ownership stands at 52.5%, far above the national figure of 33.7%, while younger-focused private renting accounts for 20.4% of tenure. Employment is weighted towards caring professions (13.7%) and trades (13.8%), reflecting both the age structure and the area's traditional economic base.