At a Glance
Average Property Price - DN36
£250,369
28
National percentile
Average Monthly Rent - DN
£658
2
National percentile
Average Net Household Income - DN36
£35,637
35
National percentile
Flat / Maisonette Yield - DN
6.0%
69
National percentile
10-Year Annualised Price Growth - DN36
3.2%
37
National percentile
10-Year Annualised Rent Growth - DN
3.2%
14
National percentile
Property Price & Volume Trends
The average property price is £250,000, positioned below the national average. Over the past decade, annual price growth has averaged 3.2%, which is slightly below the typical growth rate seen nationally. Last year saw 339 property transactions, down from a 10-year annual average of 432, indicating a notable reduction in market activity.
Rent & Yield Trends
Monthly rents average £658, placing the area among the cheapest nationally for rental costs. Rent growth over the past decade has averaged 3.2% per year, below the typical national pace of increase. The flat yield currently stands at 6.0%, up from a 10-year average of 5.1%, demonstrating a strengthening investment return in recent times.
Income & Affordability Trends
Average net household income is £36,000, below the national average. The price-to-income ratio stands at 7.2x, indicating that property is more expensive relative to local earnings than it was in 2016 (6.2x), reflecting a deterioration in purchase affordability. Rental affordability, by contrast, has improved slightly: the rent-to-income ratio has fallen from 21.3% in 2016 to 20.5% today.
Resident Demographic Profile
The population is notably older than the national average, with nearly 29% aged 65 and over compared to the national figure of 19.6%, and just 15% under 15 compared to 17.5% nationally. Housing tenure is heavily weighted toward outright ownership at 49%, well above the national average of 34%, while private renting is unusually low at 12%. The employment profile shows a slightly stronger presence of trades workers (14% versus 10.5% nationally) and a weaker representation of professionals (16% versus 21% nationally).