At a Glance
Average Property Price - DE23
£240,040
25
National percentile
Average Monthly Rent - DE
£826
22
National percentile
Average Net Household Income - DE23
£37,831
48
National percentile
Flat / Maisonette Yield - DE
5.6%
48
National percentile
10-Year Annualised Price Growth - DE23
4.4%
79
National percentile
10-Year Annualised Rent Growth - DE
4.2%
63
National percentile
Property Price & Volume Trends
The average property price in DE23 is £240,000, positioning it well below the national average. Over the past decade, prices have grown at 4.4% annually—a pace notably faster than most UK postcodes nationally. However, transaction activity has moderated: 449 sales were recorded in the latest year, down from a 10-year average of 652 per year.
Rent & Yield Trends
Monthly rents in the broader DE postcode area average £826, placing them below the national midpoint. Rental growth over ten years has been modest at 4.2% annually, slightly above the slowest-growing regions nationally. The flat yield currently stands at 5.6%, a meaningful improvement from the 10-year average of 4.7%, suggesting rental returns have strengthened relative to capital values.
Income & Affordability Trends
Average household income of £37,831 is close to the national median. Purchase affordability has tightened slightly: the price-to-income ratio has risen from 6.0x in 2016 to 6.3x today, placing property somewhat less accessible to local earners. Rental affordability, by contrast, has marginally improved, with the rent-to-income ratio easing from 22.7% to 22.5% over the same period.
Resident Demographic Profile
The area has a notably larger share of under-15s (22.6%) compared to the national average of 17.5%, reflecting a relatively family-oriented demographic. The 35–49 age group is also above average at 20.5%. Employment is weighted towards elementary roles (15%, well above the national 10.2%) and plant/machine operation (11.4% versus 6.6% nationally), suggesting a more manual, production-focused workforce. Professional employment, by contrast, is close to the national norm at 20.8%.