At a Glance
Average Property Price - CR2
£503,954
80
National percentile
Average Monthly Rent - CR
£1,607
86
National percentile
Average Net Household Income - CR2
£53,387
93
National percentile
Flat / Maisonette Yield - CR
6.1%
79
National percentile
10-Year Annualised Price Growth - CR2
3.0%
29
National percentile
10-Year Annualised Rent Growth - CR
3.5%
21
National percentile
Property Price & Volume Trends
The latest average property price in CR2 is £504,000, placing it among the most expensive nationally. However, 10-year annualised growth of 3.0% is below the national average, suggesting slower capital appreciation than much of the country. Transaction activity has declined: 562 sales in the latest year against a 10-year average of 676, indicating a softening in market activity.
Rent & Yield Trends
Average monthly rent in the broader CR area stands at £1,607, among the highest nationally. Rental growth of 3.5% over ten years has been below average, reflecting modest upward pressure on tenant costs. The flat yield of 6.1% currently exceeds its 10-year average of 4.8%, suggesting improved rental returns for investors relative to the longer-term trend.
Income & Affordability Trends
Household income in CR2 averages £53,387, well above the national median and placing the area among the highest-earning in the country. The price-to-income ratio of 9.1x has improved marginally from 9.3x in 2016, indicating properties have become modestly more affordable relative to incomes. Rental affordability has strengthened considerably: the rent-to-income ratio has fallen from 34.7% in 2016 to 32.6%, suggesting rents have grown more slowly than household earnings.
Resident Demographic Profile
The age profile skews towards middle-age, with 35–49 year-olds at 21.6% (notably above the national 18.7%), whilst those aged 16–24 are underrepresented at 9.1% against 11.0% nationally. Housing tenure is heavily weighted towards mortgage ownership at 35.4%, well above the national 27.0%, with correspondingly lower outright ownership. The workforce is notably professional and managerial: professionals account for 25.7% (versus 20.5% nationally) and managers for 15.7% (above the 13.4% average), whilst trades are underrepresented at 7.5%.