At a Glance
Average Property Price - HD9
£311,771
46
National percentile
Average Monthly Rent - HD
£747
17
National percentile
Average Net Household Income - HD9
£42,072
66
National percentile
Flat / Maisonette Yield - HD
5.5%
47
National percentile
10-Year Annualised Price Growth - HD9
4.4%
78
National percentile
10-Year Annualised Rent Growth - HD
3.9%
51
National percentile
Property Price & Volume Trends
The latest average property price in HD9 is £312,000, broadly in line with the national median. However, the district has outperformed most of the country over the past decade, with annualised price growth of 4.4% placing it among the faster-appreciating areas nationally. Transaction volumes have softened recently, with 532 sales recorded in the latest full year compared to a 10-year average of 645 annually.
Rent & Yield Trends
Average monthly rents in the wider HD postcode area stand at £747, well below the national norm and among the most affordable in the country. Rent growth over the past decade has been broadly in line with national trends at 3.9% annually. The rental yield currently stands at 5.5%, ahead of the 10-year average of 5.0%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income in HD9 is £42,072, placing the area above the national median. The price-to-income ratio has risen from 6.4x in 2016 to 7.1x today, signalling that property has become less affordable relative to local earnings over this period. On the rental side, the picture is more positive: rent-to-income ratios have tightened from 21.2% to 20.7%, making the area marginally more accessible to renters.
Resident Demographic Profile
The population skews older than the national average, with over one-in-five residents aged 65 and above, and a notably elevated share in the 50–64 bracket at 23.8%. The 16–24 age group is underrepresented. Housing tenure is characterised by strong outright ownership at 44.2%, well above the national average, and elevated mortgage ownership at 33.8%; conversely, both private and social rented sectors are significantly smaller than national norms. The employment profile is weighted towards professional and managerial roles, which together account for 40.6% of the workforce, considerably higher than the national average of 33.9%.