At a Glance
Average Property Price - DE24
£209,439
15
National percentile
Average Monthly Rent - DE
£826
22
National percentile
Average Net Household Income - DE24
£34,277
27
National percentile
Flat / Maisonette Yield - DE
5.6%
48
National percentile
10-Year Annualised Price Growth - DE24
4.1%
68
National percentile
10-Year Annualised Rent Growth - DE
4.2%
63
National percentile
Property Price & Volume Trends
The latest average property price in DE24 is £209,000, placing it well below the national average and among the least expensive districts nationally. Over the past decade, prices have grown at 4.1% annually, a moderate pace that sits around the national midpoint. Transaction activity has slowed from its 10-year average, with 595 sales recorded in the latest full year compared to a long-term average of 779.
Rent & Yield Trends
Average monthly rents in the broader DE postcode area stand at £826, notably below the national average. Rental growth over the past decade has been steady at 4.2% per year, broadly in line with national trends. The current gross yield of 5.6% is significantly above its 10-year average of 4.7%, reflecting recent strengthening in the rental market relative to property values.
Income & Affordability Trends
Average net household income in DE24 is £34,277, below the national average and in the lower quartile nationally. The price-to-income ratio has deteriorated since 2016, rising from 5.1x to 6.1x, indicating that property affordability has worsened despite the low absolute price level. Rental affordability has remained stable, with rents consuming 22.5% of household income today versus 22.7% in 2016.
Resident Demographic Profile
The area has a notably higher proportion of children under 15 (22.1% versus 17.5% nationally) and a lower share of older residents aged 65 and over (14.7% versus 19.6%), pointing to a younger family demographic. Social rented housing accounts for 23.8% of tenure—well above the national average of 16.5%—while outright ownership is below average at 27%. The employment profile is skewed towards elementary occupations (17% versus 10.2% nationally) and plant/machine work (11.3% versus 6.6%), reflecting the area's manufacturing and logistics base, with professional roles notably underrepresented at 14.9% against a national average of 20.5%.