At a Glance
Average Property Price - CV8
£438,389
73
National percentile
Average Monthly Rent - CV
£1,062
56
National percentile
Average Net Household Income - CV8
£46,343
79
National percentile
Flat / Maisonette Yield - CV
5.8%
62
National percentile
10-Year Annualised Price Growth - CV8
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 £438,000 sits among the more expensive districts nationally, in the upper quartile. Over the past decade, prices have grown at 3.7% per year—a moderate pace, roughly in line with the national trend. Transaction activity has softened slightly, with 474 sales in the latest full year compared to a 10-year average of 512 per year.
Rent & Yield Trends
Average monthly rent of £1,062 sits just above the midpoint nationally, reflecting broadly typical rental costs for the region. Rental growth over ten years has been steady at 4.0% per year, marginally ahead of the national pace. The flat yield has improved noticeably, rising to 5.8% in the latest year from a 10-year average of 4.8%, indicating strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £46,343 is well above the national average, placing the area among the higher-earning districts. The price-to-income ratio of 9.1x has improved since 2016 (when it stood at 9.6x), suggesting properties have become marginally more affordable relative to local earnings. Rental affordability has also improved slightly, with the rent-to-income ratio falling from 29% to 28% over the same period.
Resident Demographic Profile
The population is notably older than average, with over a quarter aged 65 or above compared to a national figure of 20%. Working-age groups under 35 are correspondingly underrepresented. Housing tenure shows a strong bias towards outright ownership at 45%, well above the national average of 34%, with private rental at just 16%—below typical levels. The workforce is heavily skewed towards professionals (30%) and managers (18%), far exceeding national norms, while trades and elementary roles are markedly less common.