At a Glance
Average Property Price - CO8
£495,679
80
National percentile
Average Monthly Rent - CO
£1,123
62
National percentile
Average Net Household Income - CO8
£43,050
70
National percentile
Flat / Maisonette Yield - CO
6.1%
80
National percentile
10-Year Annualised Price Growth - CO8
4.8%
86
National percentile
10-Year Annualised Rent Growth - CO
4.8%
93
National percentile
Property Price & Volume Trends
The latest average price of £496,000 places CO8 among the most expensive districts nationally. Over the past decade, the area has experienced strong annualised price growth of 4.8%, significantly outpacing the national rate. Transaction activity has softened slightly, with 28 sales in the latest year compared to a 10-year average of 33 per annum.
Rent & Yield Trends
Average monthly rents in the broader CO postcode area stand at £1,123, broadly in line with national levels. Rental growth has been notably strong over the past decade, with annualised increases of 4.8% placing it among the fastest-growing regions nationally. The flat yield has risen to 6.1% in the latest year, up from a 10-year average of 4.9%, signalling improving returns for buy-to-let investors.
Income & Affordability Trends
Average net household income of £43,050 is above the national median. The price-to-income ratio has risen to 10.8x from 9.3x in 2016, indicating that property has become less affordable relative to local incomes. Rental affordability has similarly tightened, with rent-to-income ratios climbing from 24% in 2016 to 27.8% today.
Resident Demographic Profile
The population skews notably older, with those aged 50–64 representing nearly a quarter of residents and over-65s comprising over a quarter—well above the national average. Conversely, younger working-age groups (16–34) are significantly underrepresented. Owner-occupation is strong, with 45.9% owning outright against a national norm of 33.7%, while private renting is proportionally low at 12.2%. Managerial and professional occupations are overrepresented relative to national norms, whilst elementary workers are less common.