At a Glance
Average Property Price - EN3
£404,379
68
National percentile
Average Monthly Rent - EN
£1,757
90
National percentile
Average Net Household Income - EN3
£45,230
76
National percentile
Flat / Maisonette Yield - EN
5.9%
66
National percentile
10-Year Annualised Price Growth - EN3
4.1%
69
National percentile
10-Year Annualised Rent Growth - EN
3.6%
33
National percentile
Property Price & Volume Trends
The average property price in EN3 is £404,000, placing it among the more expensive areas nationally. Over the past decade, prices have grown at 4.1% per year, slightly above the national average pace. Transaction activity has slowed significantly, with 245 sales in the latest year compared to a 10-year average of 348 annually, suggesting reduced market momentum.
Rent & Yield Trends
Rental costs are notably high relative to the rest of the UK, with average monthly rent of £1,757 putting the area among the most expensive for tenants nationally. Rent growth over the past decade has been below the national average at 3.6% per year. The flat yield has improved to 5.9% in the latest year from a 10-year average of 4.8%, reflecting a strengthening rental return relative to capital values.
Income & Affordability Trends
Average household income of £45,230 is notably above the national typical level. The purchase affordability ratio has improved materially: properties now cost 8.3 times annual household income, down from 9.8x in 2016, indicating easier access to ownership for local earners. Rental affordability has also improved, with rent consuming 36.8% of household income compared to 39.2% a decade ago.
Resident Demographic Profile
The area has a significantly higher proportion of children under 15 at 25.2%, well above the national average of 17.5%, reflecting its family-oriented character. Conversely, the older population aged 65+ is notably underrepresented at 10.1% versus the national 19.6%. The tenure mix is distinctive: private rented housing is substantially elevated at 32.4% against the national 21.7%, while outright ownership is low at 18.5% versus 33.7% nationally. Employment is marked by higher representation in caring roles (12.2% against 9.2% nationally) and elementary occupations (13.7% against 10.2%), whilst professional employment is below average at 16.4% versus 20.5% nationally.