At a Glance
Average Property Price - HP16
£761,115
95
National percentile
Average Monthly Rent - HP
£1,492
81
National percentile
Average Net Household Income - HP16
£54,954
95
National percentile
Flat / Maisonette Yield - HP
5.4%
36
National percentile
10-Year Annualised Price Growth - HP16
2.9%
25
National percentile
10-Year Annualised Rent Growth - HP
3.7%
43
National percentile
Property Price & Volume Trends
The average property price of £761,000 places HP16 among the most expensive postcode districts nationally. Price growth over the past decade has averaged 2.9% annually, which is below the national rate of expansion. Transaction activity last year stood at 138 sales, down from a 10-year average of 161, indicating a modest slowdown in turnover.
Rent & Yield Trends
Average monthly rent of £1,492 is well above the national mid-point, reflecting the area's premium market position. Rental growth over ten years has averaged 3.7% per year, slightly slower than the national trend. The flat yield currently stands at 5.4%, a noticeable improvement on the 10-year average of 4.6%, suggesting rental income has grown faster than capital values in recent years.
Income & Affordability Trends
Median household income of £54,954 is among the highest nationally, underscoring the area's affluent demographic profile. The price-to-income ratio of 13.7x has widened since 2016 (when it was 13.0x), indicating that property prices have grown faster than incomes, making purchase increasingly stretching for local earners. Rental affordability has also deteriorated: the rent-to-income ratio has risen to 31.6% from 29.3% in 2016, reflecting faster rental growth than income growth.
Resident Demographic Profile
The age profile is notably skewed towards older residents: those aged 50–64 account for 23% (against 19.8% nationally) and those 65 and over represent 25% (versus 19.6% nationally), while the 16–24 cohort is just 8.3%, well below the national average of 11%. Housing tenure reflects high equity ownership, with 44.8% owning outright and a further 34.8% owning with a mortgage, totalling 79.6%—far above the national owner-occupation rate of 60.7%. Professional and managerial occupations dominate the workforce: together they account for 47.7% of employment, compared to 33.9% nationally, while elementary occupations are markedly scarce at just 4.5% against 10.2% nationally.