At a Glance
Average Property Price - CO16
£317,512
47
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO16
£34,520
29
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO16
4.7%
85
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The average property price in CO16 is £318,000, broadly in line with the national median. However, the postcode has experienced notably strong price growth over the past decade, with 4.7% annualised appreciation placing it among the fastest-growing areas nationally. Transaction activity has eased from its 10-year average: 358 sales were recorded in the latest full year, compared to an average of 497 annually.
Rent & Yield Trends
Average monthly rent in the CO postcode area stands at £1,123, above the national middle ground. Rental growth has been robust, rising at 4.8% per annum over a decade—significantly faster than the typical UK pace. The flat yield has improved noticeably, standing at 6.1% in the latest year against a 10-year average of 4.9%, indicating increasingly attractive returns for investors.
Income & Affordability Trends
Average household net income in CO16 is £34,520, notably below the national average. Purchase affordability has deteriorated: the price-to-income ratio has risen from 7.3x in 2016 to 9.6x today, reflecting faster price growth than income gains. Rental affordability has also weakened, with rent now consuming 27.8% of household income compared to 24% in 2016.
Resident Demographic Profile
CO16 skews markedly older than the nation as a whole, with nearly 29% aged 65 and over—well above the 19.6% national average—and only 15.8% under 15. Housing tenure is heavily weighted toward outright ownership at 48%, nearly half again the national average of 33.7%. The employment profile leans toward trades (14.9%), caring professions (13.6%), and a notably smaller share of professionals (12.3%) than the 20.5% national norm, reflecting the area's composition.