At a Glance
Average Property Price - DE3
£311,444
46
National percentile
Average Monthly Rent - DE
£826
22
National percentile
Average Net Household Income - DE3
£39,803
57
National percentile
Flat / Maisonette Yield - DE
5.6%
48
National percentile
10-Year Annualised Price Growth - DE3
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 DE3 is £311,000, which is close to the national midpoint. Over the past decade, prices have grown at 4.1% per year—a rate broadly in line with national trends, placing the district slightly above the median for growth. Transaction activity has slowed: the latest full year saw 313 sales, compared with an average of 415 per year over the preceding ten years, reflecting a 25% decline in turnover.
Rent & Yield Trends
Average monthly rent across the broader DE postcode area stands at £826, well below the national average. Rents have grown at 4.2% per year over the past decade, slightly faster than the national average, though absolute rent levels remain modest. The flat yield on rental properties is currently 5.6%, notably higher than the 10-year average of 4.7%, suggesting improved returns for buy-to-let investors.
Income & Affordability Trends
Household income in DE3 averages £39,803, placing it slightly above the national median. Purchase affordability has deteriorated: the price-to-income ratio now stands at 8.0x, up from 7.1x in 2016, meaning properties now require nearly a year's extra income to purchase than they did eight years ago. Rental affordability has remained remarkably stable, with rent-to-income holding steady at 22.5% compared to 22.7% in 2016.
Resident Demographic Profile
The population skews slightly younger than the national average, with 19.6% under 15 (versus 17.5% nationally) and a notably lower share aged 50–64 at 17.8% compared to 19.8% nationally. Outright ownership is marginally above average at 35.1%, whilst social rented housing is less common at 14.5% versus 16.5% nationally. The employment profile is marked by a higher proportion of professionals at 22.5% and elementary workers at 12.8%, offset by below-average representation in managerial roles.