Property trends for DN38

The average property price of £253,000 sits well below the national average, placing it among the more affordable districts nationally. Over the past decade, prices have grown at 3.5% per year—broadly in line with the national pace. Transaction activity in the latest year was 38 sales, slightly below the 10-year average of 44 per year.

Rental costs are exceptionally low at £658 per month—among the cheapest in the country. Rent has grown at 3.2% annually over the past decade, below the national growth rate. The flat yield of 6.0% is notably above its 10-year average of 5.1%, indicating improved rental returns in recent times.

Average household income of £36,000 is below the national average, sitting in the lower-middle range nationally. The price-to-income ratio of 6.8x has improved slightly since 2016 (from 6.9x), suggesting marginal gains in purchase affordability. Rental affordability has also improved: the rent-to-income ratio has fallen from 21.3% to 20.5%, easing the rental cost burden for residents.

The population is notably older than average, with over half aged 50 or above—a 10 percentage point elevation in the 50–64 age group and 5 percentage point rise in the 65+ category. Conversely, young adults aged 16–24 are significantly underrepresented at 7.4%, well below the national 11.0%. Housing tenure shows above-average outright ownership at 42.2%, reflecting the older demographic profile. The employment mix leans more heavily toward trades (13.1%) and plant/machine roles (11.6%), with notably fewer professionals (15.6%) than the national average.