At a Glance
Average Property Price - CO4
£347,292
55
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO4
£34,873
31
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO4
4.6%
82
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The average property price in CO4 is £347,000, sitting close to the national midpoint. Over the past decade, prices have grown at 4.6% annually—among the strongest performers nationally. Transaction activity has declined notably, with 587 sales in the latest year compared to a 10-year average of 830, signalling a slowdown in market turnover.
Rent & Yield Trends
Average monthly rents across the CO postcode area stand at £1,123, above the national median. Rental growth has been particularly strong at 4.8% per year over the past decade—among the fastest in the country. Flat yields have risen markedly to 6.1%, well above the 10-year average of 4.9%, reflecting improved returns for buy-to-let investors.
Income & Affordability Trends
Average household income in CO4 is £34,873, below the national average. Purchase affordability has deteriorated significantly: the price-to-income ratio now stands at 9.9x, up from 6.5x in 2016, making homes substantially less affordable relative to local earnings. Rental affordability has also worsened, with rents now consuming 27.8% of household income compared to 24% in 2016.
Resident Demographic Profile
The age profile is broadly balanced, though young adults aged 16–24 are notably overrepresented at 14% versus a national average of 11%, likely reflecting student and early-career populations. Housing tenure is fairly typical, with owner-occupation at 58% and private renting at 24%. The employment mix shows higher-than-average representation in caring roles at 11.5% and elementary occupations at 11.2%, while managers are underrepresented at 11.2%.