At a Glance
Average Property Price - HD2
£248,661
27
National percentile
Average Monthly Rent - HD
£747
17
National percentile
Average Net Household Income - HD2
£35,122
32
National percentile
Flat / Maisonette Yield - HD
5.5%
47
National percentile
10-Year Annualised Price Growth - HD2
4.6%
81
National percentile
10-Year Annualised Rent Growth - HD
3.9%
51
National percentile
Property Price & Volume Trends
The latest average property price in HD2 is £249,000, which sits below the national average—among the cheaper quarter of UK postcodes. Over the past decade, prices have grown by 4.6% annually, placing the area among the fastest-growing postcodes nationally. Transaction activity has softened recently, with 268 sales recorded in the latest full year against a 10-year average of 350, suggesting a slower market pace.
Rent & Yield Trends
Average monthly rent stands at £747, well below the national average and among the most affordable rental markets in the country. Rental growth over the past decade has been in line with the national trend at 3.9% annually. The flat yield currently stands at 5.5%, above its 10-year average of 5.0%, reflecting improving returns for buy-to-let investors in the area.
Income & Affordability Trends
Average net household income is £35,122, below the national average and placing the area in the lower-middle income bracket. The price-to-income ratio has widened from 6.0x in 2016 to 7.1x today, indicating that affordability for purchase has deteriorated over the period. Rental affordability has improved slightly: the rent-to-income ratio has fallen from 21.2% in 2016 to 20.7%, a modest but positive shift for renters.
Resident Demographic Profile
The area has a notably younger age profile, with 22.4% of the population under 15—well above the national average of 17.5%—and a lower proportion of older residents (13.8% aged 65+, against 19.6% nationally). Housing tenure shows a higher reliance on rental accommodation: private rented housing accounts for 24.6% of homes, above the 21.7% national average, while social renting is also elevated at 20.9% compared to 16.5% nationally. The employment mix is weighted towards elementary occupations (12.5% against 10.2% nationally) and caring roles (10.3% versus 9.2%), with underrepresentation among managerial and professional roles.