At a Glance
Average Property Price - DE45
£445,487
74
National percentile
Average Monthly Rent - DE
£826
22
National percentile
Average Net Household Income - DE45
£29,486
7
National percentile
Flat / Maisonette Yield - DE
5.6%
48
National percentile
10-Year Annualised Price Growth - DE45
3.2%
36
National percentile
10-Year Annualised Rent Growth - DE
4.2%
63
National percentile
Property Price & Volume Trends
The latest average property price in DE45 stands at £445,000, placing it among the more expensive areas nationally. However, 10-year annualised growth of 3.2% is below the national average, suggesting more modest capital appreciation than many regions. Transaction volumes have eased recently, with 98 sales in the latest full year compared to a 10-year average of 121, indicating a softening in market activity.
Rent & Yield Trends
Average monthly rent in the broader DE postcode area is £826, well below the national average, reflecting the affordability of this region. Rent growth over the past decade has been relatively strong at 4.2% annually, outpacing national trends. The flat yield has risen to 5.6%, above its 10-year average of 4.7%, suggesting improved returns for buy-to-let investors.
Income & Affordability Trends
Average household income in DE45 is significantly below the national average at £29,486, placing it among the lower-earning areas. Housing affordability has deteriorated markedly: the price-to-income ratio has widened from 11.8x in 2016 to 15.9x today, meaning property prices have grown much faster than local incomes. Rental affordability has remained relatively stable, with the rent-to-income ratio holding steady at around 22.5%.
Resident Demographic Profile
DE45 has a notably older population profile, with nearly one third aged 65 and over — well above the national average of 19.6% — and over a quarter aged 50–64. Conversely, it has significantly fewer young adults and children, with under-16s at 12.7% and 16–24s at just 7.2%. Housing tenure is dominated by outright ownership at 50.6%, far above the national figure, reflecting the settled, retirement-oriented character of the area. The employment profile is skewed towards managerial and professional roles, which together account for 45.4% of the workforce — well above national levels.