Property trends for EX37

The average property price of £424,000 sits among the most expensive nationally. Over the past decade, prices have grown at 5.1% annually—significantly faster than the UK average, placing it among the strongest-performing areas. Transaction activity has slowed notably; just 33 sales were recorded in the latest year, compared with a 10-year average of 52 per year.

Average monthly rent of £964 is slightly below the national midpoint. Rental growth over ten years has averaged 3.5% per year, which is considerably slower than the national trend. The flat yield stands at 4.4%, up from a 10-year average of 3.9%, reflecting a modest but recent improvement in rental returns.

Average household income of £36,351 is below the national average. The price-to-income ratio of 10.6x remains unchanged since 2016, indicating that affordability for owner-occupation has neither improved nor deteriorated on this measure. Rental affordability has improved slightly; the rent-to-income ratio has fallen from 27.7% to 27%, suggesting a modest easing of pressure on renters.

The area has a notably older population: 27.6% are aged 65 and over, against a national average of 19.6%, while those aged 16–24 are significantly underrepresented at 7.8% compared with 11.0% nationally. Home ownership is markedly stronger, with 44.8% owning their property outright against a national average of 33.7%. The employment profile is heavily skewed towards trades, which account for 20.5% of the workforce—nearly double the national rate—while professional roles are correspondingly less common at 14.3%.