At a Glance
Average Property Price - CO6
£453,728
75
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO6
£46,009
79
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO6
2.8%
22
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The average property price of £454,000 places CO6 among the most expensive nationally. Annual price growth over the past decade has averaged 2.8%, which is below the national pace. Transaction activity has softened slightly: 391 sales were recorded in the latest full year, down from a 10-year average of 445, suggesting a moderately active but not buoyant market.
Rent & Yield Trends
Average monthly rent in the broader CO postcode area stands at £1,123, modestly above the national midpoint. Rental growth has been notably strong, averaging 4.8% annually over ten years—among the fastest-growing regions nationally. The current flat yield of 6.1% has improved markedly from the 10-year average of 4.9%, reflecting favourable conditions for buy-to-let investors and upward pressure on rents relative to capital values.
Income & Affordability Trends
Average household income of £46,009 sits well above the national average, positioning the area among higher-earning regions. However, affordability pressures have intensified: the price-to-income ratio has risen to 10.0x from 8.6x in 2016, indicating property values have outpaced wage growth. Rental affordability has similarly deteriorated, with the rent-to-income ratio climbing from 24% to 27.8% over the same period, placing rental costs at a notably high share of household earnings.
Resident Demographic Profile
The population skews notably older: nearly a quarter (24%) are aged 65 and over, well above the national average of 19.6%, whilst the 16–24 age group is underrepresented at 8.2%. Housing tenure reflects an affluent and established community, with 42.1% owning outright and 35.2% owning with a mortgage—both well above national norms—while private rental and social rental tenure are both below average. The employment profile is weighted towards managerial and professional roles, with managers comprising 17.9% of the workforce compared to the national average of 13.4%.