At a Glance
Average Property Price - FY1
£114,978
1
National percentile
Average Monthly Rent - FY
£726
14
National percentile
Average Net Household Income - FY1
£23,046
2
National percentile
Flat / Maisonette Yield - FY
5.7%
60
National percentile
10-Year Annualised Price Growth - FY1
3.3%
39
National percentile
10-Year Annualised Rent Growth - FY
2.9%
3
National percentile
Property Price & Volume Trends
The latest average property price in FY1 is £115,000, placing it among the cheapest nationwide. Over the past decade, prices have grown by 3.3% annually—below the national average growth rate. Transaction activity has softened recently, with 320 sales in the latest full year compared to a 10-year average of 386, suggesting a decline in buyer appetite.
Rent & Yield Trends
Average monthly rent in the broader FY postcode area stands at £726, well below the national average. Rental growth over ten years has been exceptionally weak at 2.9% annually—among the slowest in the country. Flat yields have improved significantly, rising from an average of 4.6% to 5.7%, reflecting stronger investor returns in the current market.
Income & Affordability Trends
Household incomes in FY1 average £23,046 annually, placing the area among the lowest earners nationally. The price-to-income ratio of 4.8x has worsened slightly since 2016 (when it was 4.5x), indicating modestly declining affordability for buyers. Rental affordability has improved: the rent-to-income ratio has fallen from 25.7% in 2016 to 24.6%, easing the burden on renters.
Resident Demographic Profile
The age profile is notably weighted towards older residents, with those aged 50–64 comprising 22.6% of the population against a national average of 19.8%, whilst those aged 65+ fall slightly below at 15.6%. Housing tenure is highly distinctive: private rented accommodation dominates at 54.1%—more than double the national average—whilst outright ownership at 19.8% is well below the 33.7% national norm. The employment mix is heavily skewed towards elementary roles (16.8% vs 10.2% nationally) and caring professions (16.3% vs 9.2%), with a notably low share of technical roles (7.1% against 13.2% nationally).