At a Glance
Average Property Price - FY5
£192,442
10
National percentile
Average Monthly Rent - FY
£726
14
National percentile
Average Net Household Income - FY5
£30,992
11
National percentile
Flat / Maisonette Yield - FY
5.7%
60
National percentile
10-Year Annualised Price Growth - FY5
3.7%
57
National percentile
10-Year Annualised Rent Growth - FY
2.9%
3
National percentile
Property Price & Volume Trends
The latest average property price in FY5 is £192,000, placing it among the most affordable districts nationally. Over the past decade, prices have grown at 3.7% per year, slightly above the midpoint for UK growth rates. Transaction activity has slowed: last year saw 800 sales against a 10-year average of 950 annually, reflecting a notable contraction in market turnover.
Rent & Yield Trends
Average monthly rent stands at £726, well below the national norm. Rental growth over ten years has been markedly weak at 2.9% annually—among the slowest anywhere in the country. The flat yield has improved meaningfully, rising from a 10-year average of 4.6% to 5.7% in the latest year, signalling stronger investor returns despite tepid rent growth.
Income & Affordability Trends
Average net household income is £31,000, significantly below the national average. The price-to-income ratio of 6.2x has worsened since 2016 (when it stood at 5.4x), indicating that homes have become less affordable relative to earnings over the period. Rental affordability, by contrast, has improved: the rent-to-income ratio has fallen from 25.7% in 2016 to 24.6% today.
Resident Demographic Profile
FY5 has a markedly aged profile: nearly 28% of residents are aged 65 or over—well above the national average of 20%—while those aged under 15 and 16–24 are both significantly underrepresented. Tenure is skewed towards outright ownership at 43.5%, substantially higher than the national norm of 34%. The employment mix is distinctive, with notably high representation in caring professions (12% vs 9% nationally) and administrative roles (14% vs 9%), while professional occupations are underrepresented.