At a Glance
Average Property Price - CO15
£245,913
26
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO15
£31,879
13
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO15
4.2%
72
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The latest average property price in CO15 is £246,000, placing it below the national midpoint — among the more affordable districts nationally. Prices have grown at 4.2% annually over the past decade, a pace broadly in line with national trends. Transaction activity has softened considerably: the latest full year saw 607 sales, down sharply from a 10-year average of 852, suggesting a cooling market.
Rent & Yield Trends
The average monthly rent across the broader CO postcode area is £1,123, positioning it slightly above the national median. Rents have grown at 4.8% annually over ten years — among the strongest rent growth rates nationally. Flat yield has improved markedly, rising from a 10-year average of 4.9% to 6.1% in the latest year, reflecting a favourable rental environment for investors.
Income & Affordability Trends
Average household income stands at £31,879, placing the area among the lower-income districts nationally. The price-to-income ratio has deteriorated from 6.0x in 2016 to 7.5x today, signalling that property has become less affordable relative to local earnings. Rental affordability has also worsened: the rent-to-income ratio has risen from 24% to 27.8%, indicating rents now consume a larger share of household income.
Resident Demographic Profile
CO15 has a notably aged population: over 31% are aged 65 and above, well above the national average of 19.6%, whilst those aged 16–24 are significantly underrepresented at 8.4% against a national norm of 11.0%. Housing tenure is dominated by outright ownership at 45.9%, nearly 40% higher than the national average, reflecting the area's older demographic. The employment profile shows particular strength in trades (13.9%), elementary work (12.3%), and caring professions (16.4%), with caring roles notably above the national average of 9.2%.