At a Glance
Average Property Price - CR8
£570,710
88
National percentile
Average Monthly Rent - CR
£1,607
86
National percentile
Average Net Household Income - CR8
£55,841
96
National percentile
Flat / Maisonette Yield - CR
6.1%
79
National percentile
10-Year Annualised Price Growth - CR8
2.1%
11
National percentile
10-Year Annualised Rent Growth - CR
3.5%
21
National percentile
Property Price & Volume Trends
The latest average property price in CR8 is £571,000, placing it among the most expensive nationally. However, 10-year annualised growth of 2.1% ranks among the slowest nationwide, reflecting a relatively stagnant market over the longer term. Transaction activity has cooled significantly: 372 sales in the latest full year compare to a 10-year average of 504, indicating weaker recent momentum.
Rent & Yield Trends
Average monthly rent in the broader CR area stands at £1,607, well above the national average. Rent growth has been modest at 3.5% annualised over ten years, below the national average rate. The flat yield has improved markedly: at 6.1%, it now sits substantially above the 10-year average of 4.8%, suggesting improved returns for landlords in recent periods.
Income & Affordability Trends
Average household income of £56,000 is among the highest nationally, reflecting the affluent character of the area. However, affordability for purchasers has tightened: the price-to-income ratio of 10.2x remains elevated, though it has improved from 10.8x in 2016. Rental affordability has similarly improved, with the rent-to-income ratio falling from 34.7% in 2016 to 32.6% today, easing pressure on renters.
Resident Demographic Profile
The area has a notably higher proportion of working-age adults aged 35–49 (21.7% vs 18.7% nationally) and fewer young adults aged 16–24 (8.9% vs 11.0%). Housing tenure is skewed toward mortgaged ownership at 37.2%, well above the national average of 27.0%, whilst outright ownership is slightly below average at 29%. The employment profile is strongly weighted toward professional and managerial roles (27.3% and 17.2% respectively), significantly exceeding national averages and reflecting the area's affluent, white-collar character.