At a Glance
Average Property Price - CV31
£358,245
58
National percentile
Average Monthly Rent - CV
£1,062
56
National percentile
Average Net Household Income - CV31
£38,572
52
National percentile
Flat / Maisonette Yield - CV
5.8%
62
National percentile
10-Year Annualised Price Growth - CV31
3.7%
56
National percentile
10-Year Annualised Rent Growth - CV
4.0%
57
National percentile
Property Price & Volume Trends
The average property price of £358,000 sits broadly in line with the national average. Over the past decade, the area has seen annualised growth of 3.7%, which matches the typical pace nationally. Transaction volumes have slowed noticeably: 373 sales in the latest year compare to an average of 487 annually over the past 10 years, reflecting softer recent market conditions.
Rent & Yield Trends
Average monthly rents of £1,062 are broadly in line with national levels. Rental growth over the past decade has averaged 4.0% annually, keeping pace with the national trend. Yields have strengthened markedly: the current flat yield of 5.8% represents a clear improvement from the 10-year average of 4.8%, signalling improving returns for landlords.
Income & Affordability Trends
Average household income of £38,572 is in line with the national median. The price-to-income ratio of 8.6x has improved since 2016 (when it stood at 9.1x), indicating modestly better affordability for buyers. Rental affordability has similarly improved: the rent-to-income ratio of 28% is down from 29% in 2016, easing pressure on renters.
Resident Demographic Profile
The age profile shows a notably higher share of young adults aged 16–24 (18% against a national average of 11%), suggesting a student or early-career population influence. Conversely, pensioners aged 65+ are underrepresented at 14% versus the national 19.6%. The tenure mix is distinctive: private rental is elevated at 27% (compared to 21.7% nationally), whilst outright ownership is lower at 26%. Employment is skewed towards professionals, who account for 28% of the workforce—well above the national 20.5%—reflecting a relatively affluent, degree-qualified population.