At a Glance
Average Property Price - CV37
£452,998
75
National percentile
Average Monthly Rent - CV
£1,062
56
National percentile
Average Net Household Income - CV37
£41,514
64
National percentile
Flat / Maisonette Yield - CV
5.8%
62
National percentile
10-Year Annualised Price Growth - CV37
2.8%
22
National percentile
10-Year Annualised Rent Growth - CV
4.0%
57
National percentile
Property Price & Volume Trends
The average property price of £453,000 sits among the most expensive nationally, placing it in the upper quartile. However, price growth over the past decade has been subdued at 2.8% annually—well below the national average. Transaction activity declined to 764 sales in the latest year from a 10-year average of 953, reflecting a softening in market momentum.
Rent & Yield Trends
Average monthly rent of £1,062 is close to the national median. Rental growth over ten years has matched the national pace at 4.0% per annum. Flat yield has improved noticeably to 5.8%, up from a 10-year average of 4.8%, signalling better returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £41,514 is above the national median. The price-to-income ratio of 10.8x has tightened slightly since 2016 (11.1x), indicating modest improvement in purchase affordability. Rental affordability has also improved marginally, with the rent-to-income ratio falling from 29% to 28%.
Resident Demographic Profile
The population skews older than average, with 23.3% aged 65 and over compared to 19.6% nationally, and notably fewer young adults aged 16–24 (8.2% versus 11.0% nationally). Outright ownership is above average at 36.3%, reflecting the older demographic profile. The employment mix is broadly balanced, though managers are notably over-represented at 16.6% versus 13.4% nationally, while plant and machine operatives are substantially under-represented at 4.6% against 6.6%.