At a Glance
Average Property Price - HP2
£385,713
64
National percentile
Average Monthly Rent - HP
£1,492
81
National percentile
Average Net Household Income - HP2
£42,923
69
National percentile
Flat / Maisonette Yield - HP
5.4%
36
National percentile
10-Year Annualised Price Growth - HP2
3.8%
58
National percentile
10-Year Annualised Rent Growth - HP
3.7%
43
National percentile
Property Price & Volume Trends
The latest average property price in HP2 is £386,000, placing it in the upper half of the national market. Over the past decade, prices have grown at an annualised rate of 3.8%, slightly above the national median pace. Transaction activity has softened recently, with 392 sales in the latest full year compared to a 10-year average of 502 per year.
Rent & Yield Trends
Average monthly rent stands at £1,492, among the most expensive nationally for rental properties. Rent growth over the past decade has been steady at 3.7% annually, broadly in line with national trends. The flat yield has improved noticeably, now standing at 5.4% compared to a 10-year average of 4.6%, reflecting the stronger rental environment relative to capital values.
Income & Affordability Trends
Average net household income is £43,000, notably above the national average. The price-to-income ratio of 8.5x has deteriorated slightly since 2016 (when it stood at 8.1x), indicating that purchasing power has not kept pace with price rises. Rental affordability has similarly weakened: the rent-to-income ratio has risen from 29.3% in 2016 to 31.6% today, placing housing costs under greater pressure for renters.
Resident Demographic Profile
HP2 has a notably younger age profile, with nearly 22% of residents under 15—well above the national average of 17.5%—and a notably smaller proportion aged 65 and over at just 14.6%. Housing tenure is distinctive: social rented housing accounts for 30.1% of homes, far above the national average of 16.5%, whilst outright ownership at 22.3% is below average. The employment mix is broadly in line with national patterns, though professionals are slightly underrepresented at 16.9% compared to the national figure of 20.5%.