At a Glance
Average Property Price - EX1
£325,264
50
National percentile
Average Monthly Rent - EX
£964
46
National percentile
Average Net Household Income - EX1
£33,135
20
National percentile
Flat / Maisonette Yield - EX
4.4%
8
National percentile
10-Year Annualised Price Growth - EX1
2.4%
14
National percentile
10-Year Annualised Rent Growth - EX
3.5%
26
National percentile
Property Price & Volume Trends
The average property price of £325,000 sits at the national midpoint, reflecting a fairly typical valuation for UK residential markets. However, growth has been notably subdued: annualised price appreciation of 2.4% over the past decade ranks among the slowest nationally. Transaction activity has softened markedly, with 389 sales in the latest year well below the 10-year average of 558—a decline of 30%.
Rent & Yield Trends
Average monthly rent of £964 sits slightly below the national median, positioning the area as relatively affordable for tenants. Rental growth has been moderate at 3.5% annually over the decade, below the national pace. Yields have moved in a positive direction, rising to 4.4% in the latest year from a 10-year average of 3.9%, reflecting improving returns for landlords.
Income & Affordability Trends
Average household income of £33,135 is substantially below the national average, placing the area in the lower fifth nationally. Purchase affordability has deteriorated: the price-to-income ratio has risen from 9.3x in 2016 to 10.6x today, indicating that property has become significantly less affordable relative to local earnings. Rental affordability has improved slightly, with the rent-to-income ratio falling from 27.7% to 27%, though housing costs remain a meaningful proportion of household income.
Resident Demographic Profile
The population is exceptionally young, with 31.6% aged 16–24 compared to a national average of 11.0%—a defining characteristic reflecting the city's substantial student population. Conversely, the over-65 age group is underrepresented at 12.5% against the national 19.6%. Housing tenure is dominated by private renting at 37.2%, nearly double the national average, while owner-occupation (combined 36.5%) is significantly lower than the national norm of 60.7%. The employment profile skews towards professional occupations at 28%, well above the 20.5% national benchmark, though elementary and sales roles are also more prevalent than average.