At a Glance
Average Property Price - CO7
£389,719
65
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO7
£43,573
72
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO7
3.8%
58
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The latest average property price in CO7 is £390,000, placing it above the national midpoint. Over the past decade, prices have grown at 3.8% annually—a pace slightly faster than the national average. Transaction activity has slowed from its 10-year average of 672 sales per year to 556 in the latest full year, suggesting a softer market.
Rent & Yield Trends
Average monthly rent across the broader CO postcode area stands at £1,123, above the national average. Rental growth has been notably strong at 4.8% annually over the past decade—among the fastest nationally. The flat yield has improved markedly to 6.1%, well above its 10-year average of 4.9%, reflecting strengthening rental returns for investors.
Income & Affordability Trends
Average household income of £43,573 places the area above the national average. However, affordability has tightened for buyers: the price-to-income ratio has risen from 7.9x in 2016 to 9.3x today. Rental affordability has similarly worsened, with the rent-to-income ratio increasing from 24% to 27.8% over the same period.
Resident Demographic Profile
The population is notably older than the national average, with over a quarter aged 65 or above and a significantly lower share of young adults aged 25–34. Owner-occupation is exceptionally strong at 79%, with outright ownership at 47%—well above national norms—and private renting correspondingly low. The employment profile is distinctive for a higher concentration of managers and technical professionals, with notably fewer workers in elementary roles.