At a Glance
Average Property Price - CR3
£518,194
82
National percentile
Average Monthly Rent - CR
£1,607
86
National percentile
Average Net Household Income - CR3
£53,503
94
National percentile
Flat / Maisonette Yield - CR
6.1%
79
National percentile
10-Year Annualised Price Growth - CR3
2.5%
15
National percentile
10-Year Annualised Rent Growth - CR
3.5%
21
National percentile
Property Price & Volume Trends
The latest average property price in CR3 is £518,000, placing it among the most expensive areas nationally. However, 10-year annualised price growth has been modest at 2.5%, significantly below the national average. Transaction volumes have declined from their 10-year average of 501 per year to 373 in the latest full year, reflecting softer recent market activity.
Rent & Yield Trends
Average monthly rent across the broader CR postcode is £1,607, ranking among the highest nationally. Rental growth over the past decade has been solid at 3.5% per year, though this remains below the national trend. Flat yields have improved materially, rising from a 10-year average of 4.8% to 6.1% in the latest year, reflecting the tighter relationship between rents and capital values.
Income & Affordability Trends
Average net household income stands at £53,500, placing this area among the highest-earning nationally. The current price-to-income ratio of 9.8x represents a modest deterioration from 9.2x in 2016, indicating property has become slightly less affordable relative to local earnings. Rental affordability has improved over the same period, with the rent-to-income ratio falling from 34.7% to 32.6%, suggesting rents have not kept pace with income growth.
Resident Demographic Profile
The population skews noticeably older, with under-15s at 21% compared to the national average of 17.5%, and substantially fewer young adults aged 16–24 (9% versus 11% nationally). Housing is dominated by owner-occupation: 39.7% own with a mortgage and 35.1% own outright, well above national averages and reflecting the area's established family demographic. The employment profile is heavily weighted towards professional and managerial roles, which together account for 42.3% of the workforce—significantly higher than the national combined figure of 33.9%—whilst elementary occupations are notably underrepresented at 4.9% against a national average of 10.2%.