At a Glance
Average Property Price - HD3
£221,375
18
National percentile
Average Monthly Rent - HD
£747
17
National percentile
Average Net Household Income - HD3
£37,832
48
National percentile
Flat / Maisonette Yield - HD
5.5%
47
National percentile
10-Year Annualised Price Growth - HD3
3.4%
43
National percentile
10-Year Annualised Rent Growth - HD
3.9%
51
National percentile
Property Price & Volume Trends
The average property price in HD3 is £221,000, placing it in the below-average range nationally. Over the past decade, prices have grown at 3.4% annually, a rate broadly in line with national trends. Transaction activity has slowed considerably: the latest full year saw 368 sales, down from a 10-year average of 541, suggesting a quieter market than its recent history.
Rent & Yield Trends
Average monthly rent across the HD postcode area stands at £747, below the national average. Rental growth over the past decade has averaged 3.9% annually, tracking close to the national pace. The flat yield has improved to 5.5%, up from a 10-year average of 5.0%, reflecting a favourable climate for buy-to-let investors seeking income returns.
Income & Affordability Trends
Average net household income in HD3 is £37,832, close to the national median. Purchase affordability has modestly improved: the price-to-income ratio has fallen to 5.5x from 5.7x in 2016, easing the burden on buyers. Rental affordability has likewise strengthened, with the rent-to-income ratio declining to 20.7% from 21.2% over the same period.
Resident Demographic Profile
The age profile skews slightly older than national norms, with notably fewer residents aged 16–24 (9.3% against 11.0% nationally) and a larger proportion in the 35–49 bracket (20% vs 18.7%). Owner-occupation is strong: 33.2% own with a mortgage, considerably above the national average of 27.0%, while social rented housing is less prevalent at 10.3% compared to 16.5% nationally. The workforce is more heavily weighted towards professionals (23.1% vs 20.5%) and technical roles (14.2% vs 13.2%), with fewer elementary workers (7.8% vs 10.2%).