At a Glance
Average Property Price - CO3
£391,510
66
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO3
£47,296
82
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO3
3.0%
29
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The latest average property price in CO3 is £392,000, positioning it in the upper-middle range nationally. Over the past decade, the area has seen annualised price growth of 3.0%, which is below the national average, suggesting more modest capital appreciation than many other regions. Transaction activity has softened noticeably: last year saw 464 sales against a 10-year average of 652 per annum, reflecting a significant decline in market activity.
Rent & Yield Trends
Rents in the broader CO postcode area average £1,123 per month, placing them in the upper-middle band nationally. Rental growth over the past decade has been strong at 4.8% annualised, well ahead of the national average and among the highest nationally. The flat yield currently stands at 6.1%, a marked improvement on the 10-year average of 4.9%, indicating that rental income has become increasingly attractive relative to capital values in recent years.
Income & Affordability Trends
Average household net income here is £47,296, placing the area among the highest-earning nationally. However, purchase affordability has deteriorated: the price-to-income ratio now stands at 8.5x, up from 7.6x in 2016, meaning homes require a substantially larger income multiple to purchase than they did eight years ago. Rental affordability has similarly weakened, with the rent-to-income ratio rising to 27.8% from 24% in 2016, indicating that renters now commit a larger share of earnings to housing costs.
Resident Demographic Profile
The population skews slightly older than the national average, with 20.6% aged 65 and over compared to the national figure of 19.6%, and those aged 35–49 represent a notably larger share at 20% versus 18.7% nationally. The housing tenure profile is distinctive: outright ownership is above average at 36.2%, and mortgage ownership is substantially higher at 33.5% against the national 27.0%, while social rented housing is markedly lower at 9.8% compared to 16.5% nationally. The employment base is tilted towards professional and technical roles: professionals make up 22.3% of the workforce against a national average of 20.5%, and technical workers represent 14.9% compared to 13.2% nationally, while elementary occupations are notably underrepresented at 8.0% versus 10.2% nationally.