At a Glance
Average Property Price - DL8
£320,871
49
National percentile
Average Monthly Rent - DL
£639
0
National percentile
Average Net Household Income - DL8
£36,706
42
National percentile
Flat / Maisonette Yield - DL
5.5%
44
National percentile
10-Year Annualised Price Growth - DL8
2.8%
21
National percentile
10-Year Annualised Rent Growth - DL
3.2%
14
National percentile
Property Price & Volume Trends
The current average property price of £321,000 sits close to the national median, reflecting a balanced market position. Over the past decade, prices have grown at 2.8% annually—below the national average, indicating more modest capital appreciation than many regions. Transaction volume has declined, with 272 sales in the latest year compared to a 10-year annual average of 327, suggesting a slight softening in market activity.
Rent & Yield Trends
Rental costs are among the lowest in the country, with average monthly rent standing at £639—well below the national norm. Rent growth over ten years has been steady at 3.2% annually, though this remains slower than the national average. The rental yield has strengthened notably to 5.5% in the latest year from a 10-year average of 4.6%, indicating an improving opportunity for investors.
Income & Affordability Trends
Average net household income of £36,706 sits slightly below the national median. The current price-to-income ratio of 9.4x has deteriorated since 2016 (when it stood at 8.2x), reflecting that properties have become less affordable relative to earnings. Rental affordability has also tightened, with rent-to-income rising from 19.8% in 2016 to 21.1% today.
Resident Demographic Profile
The population is notably older than the national average, with those aged 50–64 comprising 25.5% (compared to 19.8% nationally) and those 65+ making up 29.6% (nearly 10 percentage points above the 19.6% national figure). Conversely, younger age groups are underrepresented—those aged 16–24 account for just 7.5% against the national 11%. Housing tenure is distinctive for high outright ownership at 47.1%, far exceeding the national 33.7%, while mortgage ownership is correspondingly lower at 21.4%. The employment profile shows a strong concentration in trades at 18% (above the 10.5% national rate) and managers at 16%, reflecting a practical, skilled workforce.