At a Glance
Average Property Price - FY4
£164,356
5
National percentile
Average Monthly Rent - FY
£726
14
National percentile
Average Net Household Income - FY4
£28,515
5
National percentile
Flat / Maisonette Yield - FY
5.7%
60
National percentile
10-Year Annualised Price Growth - FY4
3.2%
36
National percentile
10-Year Annualised Rent Growth - FY
2.9%
3
National percentile
Property Price & Volume Trends
The average property price in FY4 is £164,000, placing it among the most affordable areas nationally. Over the past decade, prices have grown at 3.2% annually—below the national average pace. Transaction volumes have eased in recent years, with 601 sales in the latest full year compared to a 10-year average of 724 per year.
Rent & Yield Trends
Average monthly rent stands at £726, well below the national average. Rental growth has been notably weak at 2.9% annually over the decade, among the slowest nationally. The flat yield has strengthened to 5.7%, up from a 10-year average of 4.6%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income is £28,515, substantially below the national average. The price-to-income ratio of 5.6x has deteriorated slightly since 2016 (5.4x), indicating modest pressure on purchase affordability. Rental affordability has improved, with rent-to-income falling from 25.7% to 24.6%, easing the burden on renters.
Resident Demographic Profile
The population skews notably older: those aged 50 and over represent 44.2% of residents, well above the national figure of 39.4%. The private rented sector is unusually large at 29.3%, significantly exceeding the national average of 21.7%. The caring professions are notably overrepresented at 14.3% of employment, nearly 50% above the national average, reflecting the area's older demographic profile.