At a Glance
Average Property Price - HR1
£333,796
52
National percentile
Average Monthly Rent - HR
£819
21
National percentile
Average Net Household Income - HR1
£37,683
47
National percentile
Flat / Maisonette Yield - HR
5.2%
26
National percentile
10-Year Annualised Price Growth - HR1
3.2%
35
National percentile
10-Year Annualised Rent Growth - HR
3.6%
40
National percentile
Property Price & Volume Trends
The current average price of £334,000 sits close to the national midpoint, reflecting a typical market level. Over the past decade, prices have grown at 3.2% annually—below the national average pace, indicating more modest appreciation than much of the country. Transaction activity has declined notably, with 383 sales in the latest year compared to a 10-year average of 518, suggesting a slower market.
Rent & Yield Trends
Average monthly rent of £819 is well below the national norm, placing HR1 among the more affordable areas to rent. Rental growth has also lagged nationally at 3.6% per year. The current flat yield of 5.2% is a meaningful improvement on the 10-year average of 4.5%, indicating a strengthening return for buy-to-let investors despite the modest rental base.
Income & Affordability Trends
Household income at £37,683 is broadly in line with the national average. The price-to-income ratio of 9.0x has drifted upward from 8.2x in 2016, suggesting affordability has tightened for buyers. Rental affordability, however, has actually improved: the rent-to-income ratio has declined from 23.6% to 23.2%, easing the burden on renters slightly.
Resident Demographic Profile
HR1 has a notably older population profile, with nearly a quarter aged 65 or over compared to the national average of 19.6%, and a below-average share of younger residents. The housing tenure mix shows a higher proportion of outright ownership (36.5% versus 33.7% nationally), typical of an ageing area. Employment is skewed towards trades (12.9%) and away from professional roles, suggesting a more practical, hands-on workforce.