At a Glance
Average Property Price - HR2
£301,463
42
National percentile
Average Monthly Rent - HR
£819
21
National percentile
Average Net Household Income - HR2
£36,078
38
National percentile
Flat / Maisonette Yield - HR
5.2%
26
National percentile
10-Year Annualised Price Growth - HR2
3.9%
64
National percentile
10-Year Annualised Rent Growth - HR
3.6%
40
National percentile
Property Price & Volume Trends
The average property price in HR2 is £301,000, placing it around the middle of the national spectrum. Over the past decade, prices have grown at 3.9% annually—slightly faster than the national average—reflecting steady but modest capital appreciation. Transaction activity has slowed recently, with 395 sales in the latest full year compared to a 10-year average of 508, suggesting a cooling in market momentum.
Rent & Yield Trends
Average monthly rent across the broader HR postcode area is £819, well below the national average and among the most affordable regions. Rent growth over ten years has been moderate at 3.6% annually, also below the national pace. The flat yield currently stands at 5.2%, notably above its ten-year average of 4.5%, indicating improved returns for rental investors in recent times.
Income & Affordability Trends
Average household income is £36,078, below the national average. The price-to-income ratio has worsened since 2016, rising from 7.3x to 8.5x, meaning property has become less affordable relative to earnings. Rental affordability has improved slightly, with the rent-to-income ratio falling from 23.6% to 23.2%, indicating modest easing of rental cost pressure.
Resident Demographic Profile
The area is notably older than average, with those aged 50–64 and 65+ each representing over 22% of the population, compared to national averages of around 20% and 19–20% respectively. Conversely, the 16–24 age group is significantly underrepresented at 8.7% versus 11% nationally. Owner-occupation is strong, with 38.3% owning outright—well above the national figure of 33.7%. The employment mix is notably tilted towards trades (14.7% versus 10.5% nationally) and away from professional occupations (14.6% versus 20.5% nationally).