At a Glance
Average Property Price - FY6
£255,558
29
National percentile
Average Monthly Rent - FY
£726
14
National percentile
Average Net Household Income - FY6
£34,078
26
National percentile
Flat / Maisonette Yield - FY
5.7%
60
National percentile
10-Year Annualised Price Growth - FY6
3.4%
41
National percentile
10-Year Annualised Rent Growth - FY
2.9%
3
National percentile
Property Price & Volume Trends
The average property price of £256,000 sits well below the national average, placing it among the more affordable areas nationally. Over the past decade, prices have grown at 3.4% per year—slightly slower than the national trend. Transaction activity has softened recently, with 499 sales in the latest year compared to a 10-year average of 585 per year.
Rent & Yield Trends
Rents in the broader FY postcode area average £726 per month, considerably below the national average and among the cheapest in the country. Rental growth over the past decade has been exceptionally weak at 2.9% annually, reflecting minimal demand pressure. Yields have improved noticeably, rising to 5.7% in the latest year from a 10-year average of 4.6%, suggesting better returns for landlords despite soft rental growth.
Income & Affordability Trends
Average household income of £34,078 is below the national average, placing the area in the lower quartile nationally. The price-to-income ratio of 7.4x has deteriorated since 2016 (when it stood at 6.5x), indicating that property has become less affordable relative to local earnings. Rental affordability, however, has improved: the rent-to-income ratio has fallen to 24.6% from 25.7% in 2016, making renting modestly easier for tenants.
Resident Demographic Profile
The population is notably older than the national average, with 30.7% aged 65 and over (against 19.6% nationally) and only 7.2% aged 16–24 (against 11.0%). The under-15 share at 14.7% is also well below the national average. Owner-occupation is very strong at 77.2% (outright plus mortgage), significantly above the national norm of 60.7%, while private renting is correspondingly lower at 16.6%. Employment is weighted towards professionals and managers, with fewer workers in elementary roles than the national average.