At a Glance
Average Property Price - FY3
£161,854
4
National percentile
Average Monthly Rent - FY
£726
14
National percentile
Average Net Household Income - FY3
£29,611
7
National percentile
Flat / Maisonette Yield - FY
5.7%
60
National percentile
10-Year Annualised Price Growth - FY3
2.0%
9
National percentile
10-Year Annualised Rent Growth - FY
2.9%
3
National percentile
Property Price & Volume Trends
The latest average property price in FY3 is £162,000, placing it among the cheapest neighbourhoods nationally. Over the past decade, prices have grown at an annualised rate of 2.0%, which is well below the national average. Transaction activity has softened, with 384 sales in the latest full year compared to a 10-year average of 461, suggesting a moderately quieter market.
Rent & Yield Trends
Average monthly rent in the broader FY postcode area stands at £726, significantly below the national average. Rental growth over the past decade has been just 2.9% annually, among the slowest nationally. The flat yield has improved markedly, now at 5.7% against a 10-year average of 4.6%, reflecting stronger returns for buy-to-let investors in recent years.
Income & Affordability Trends
Average net household income of £30,000 is well below the national average, placing the area among the lowest-earning neighbourhoods in the UK. The price-to-income ratio of 5.1x has improved since 2016 (when it stood at 5.5x), making property purchase somewhat more affordable relative to local earnings. Rental affordability has also improved over the same period, with the rent-to-income ratio declining from 25.7% to 24.6%.
Resident Demographic Profile
The population skews notably older, with 21.9% aged 50–64 and 18.8% aged 65 and over, compared to national averages of 19.8% and 19.6% respectively. The 16–24 age group is significantly underrepresented at 9.5% against a national figure of 11.0%. The private rental sector is notably strong at 28.8% of households, well above the national average of 21.7%, while social rented housing is less prevalent at 12.2%. Employment is notable for a high concentration in caring professions (13.6% versus 9.2% nationally) and elementary occupations (11.8% versus 10.2%), with fewer professionals and managers than the national average.