At a Glance
Average Property Price - HP23
£625,337
90
National percentile
Average Monthly Rent - HP
£1,492
81
National percentile
Average Net Household Income - HP23
£54,222
94
National percentile
Flat / Maisonette Yield - HP
5.4%
36
National percentile
10-Year Annualised Price Growth - HP23
2.9%
26
National percentile
10-Year Annualised Rent Growth - HP
3.7%
43
National percentile
Property Price & Volume Trends
Property prices in HP23 are among the most expensive nationally, with an average of £625,000. Price growth over the past decade has been below the national pace, averaging 2.9% annually. Transaction activity in the latest year was 246 sales, modestly below its 10-year average of 297 per annum.
Rent & Yield Trends
Average monthly rent in the broader HP postcode area stands at £1,492, placing it well above the national median. Rental growth over the past decade, at 3.7% annually, has been close to the national trend. The flat yield has risen to 5.4% in the latest year, above its 10-year average of 4.6%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Household incomes in HP23 are among the highest in the country, averaging £54,222. The price-to-income ratio of 11.7x indicates that properties have become less affordable relative to local earnings since 2016, when the ratio stood at 10.5x. Rental affordability has also tightened: renters now spend 31.6% of gross income on rent, up from 29.3% in 2016.
Resident Demographic Profile
The area has an older age profile than the national average, with notably higher proportions in the 50–64 age group (22.5% vs 19.8% nationally) and over 65 (21% vs 19.6%). Owner-occupation is very strong: 40.4% own outright and 35.3% own with a mortgage, far above national norms, while private renting (13.5%) is considerably below average. The workforce is heavily skewed towards managerial and professional roles—managers alone account for 21.3%, nearly 8 percentage points above the national average—while elementary and plant-operation roles are underrepresented.