At a Glance
Average Property Price - HP1
£461,176
76
National percentile
Average Monthly Rent - HP
£1,492
81
National percentile
Average Net Household Income - HP1
£44,676
75
National percentile
Flat / Maisonette Yield - HP
5.4%
36
National percentile
10-Year Annualised Price Growth - HP1
3.4%
43
National percentile
10-Year Annualised Rent Growth - HP
3.7%
43
National percentile
Property Price & Volume Trends
The latest average property price in HP1 is £461,000, placing it among the most expensive nationally at the 76th percentile. Over the past decade, the area has seen annualised price growth of 3.4%, which is close to the national average and shows steady but unremarkable appreciation. Transaction activity has eased recently, with 323 sales in the latest full year compared to a 10-year average of 393 annually, suggesting a modest slowdown in market momentum.
Rent & Yield Trends
Average monthly rent in the broader HP postcode stands at £1,492, placing it well above the national average at the 81st percentile. Rents have grown at 3.7% per year over the past decade, marginally above the national rate. The flat yield has improved to 5.4% in the latest year from a 10-year average of 4.6%, indicating strengthening returns for rental investors.
Income & Affordability Trends
Average net household income in HP1 is £44,676, positioning the area above the national average at the 75th percentile. The price-to-income ratio now stands at 10.3x, a notable deterioration from 8.5x in 2016, reflecting property price growth outpacing income gains. Rental affordability has similarly weakened: the rent-to-income ratio has risen to 31.6% from 29.3% in 2016, indicating that housing costs have become less manageable relative to earnings over this period.
Resident Demographic Profile
HP1 has a notably elevated proportion of children, with 20.3% under 15 compared to the national 17.5%, suggesting strong family demographics. The 16–24 age group is significantly underrepresented at 8.9% against the national 11.0%, indicating fewer younger adults. The area shows markedly higher social rented tenure at 24.8% versus the national 16.5%, and correspondingly lower outright ownership at 24.3% versus 33.7% nationally. Employment is tilted toward technical roles at 15% compared to 13.2% nationally, reflecting Hertfordshire's industrial and technology-sector presence.