At a Glance
Average Property Price - FY2
£161,194
4
National percentile
Average Monthly Rent - FY
£726
14
National percentile
Average Net Household Income - FY2
£28,684
5
National percentile
Flat / Maisonette Yield - FY
5.7%
60
National percentile
10-Year Annualised Price Growth - FY2
2.9%
27
National percentile
10-Year Annualised Rent Growth - FY
2.9%
3
National percentile
Property Price & Volume Trends
The latest average property price in FY2 is £161,000, placing it among the most affordable areas nationally. Over the past decade, prices have grown at 2.9% per year—below the national average, indicating slower capital appreciation. Transaction volume last year was 333 sales, down from a 10-year average of 395, suggesting softer recent activity.
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 2.9% annually, among the slowest in the country. The current flat yield of 5.7% is notably higher than the 10-year average of 4.6%, reflecting improved returns for buy-to-let investors.
Income & Affordability Trends
Average household income is £28,684, significantly below the national average. The price-to-income ratio of 5.3x suggests modest affordability in absolute terms, though it has tightened slightly since 2016 (when it was 5.0x), indicating prices have grown faster than incomes. Rental affordability has improved: the rent-to-income ratio has fallen from 25.7% to 24.6%, easing pressure on renters.
Resident Demographic Profile
The population is notably older, with 24% aged 65 and over against a national average of 19.6%, and only 8.6% aged 16–24 compared to 11% nationally. Housing tenure shows a higher rate of outright ownership at 35.8% and elevated private rental at 26.4%, offset by below-average social renting. The employment mix is skewed towards caring roles (13.1%) and administrative work (13.0%), well above national norms, reflecting an older, service-sector economy.