At a Glance
Average Property Price - HR4
£292,506
40
National percentile
Average Monthly Rent - HR
£819
21
National percentile
Average Net Household Income - HR4
£36,916
43
National percentile
Flat / Maisonette Yield - HR
5.2%
26
National percentile
10-Year Annualised Price Growth - HR4
3.4%
45
National percentile
10-Year Annualised Rent Growth - HR
3.6%
40
National percentile
Property Price & Volume Trends
The average property price in HR4 stands at £293,000, positioning it slightly below the national average. Over the past decade, prices have grown at 3.4% annually—a pace modestly below the national trend. Transaction activity has softened: the latest full year saw 436 sales, down from a 10-year average of 524 per year.
Rent & Yield Trends
Average monthly rent in the broader HR postcode area is £819, well below the national average. Rental growth over ten years has been steady at 3.6% annually, slightly below the national rate. The flat yield currently stands at 5.2%, a meaningful improvement from the 10-year average of 4.5%, reflecting stronger rental returns relative to property values.
Income & Affordability Trends
Average net household income of £37,000 is close to the national median. Purchase affordability has tightened slightly: the price-to-income ratio now stands at 7.9x, up from 7.7x in 2016. Rental affordability has improved modestly over the same period, with rent-to-income ratio falling from 23.6% to 23.2%.
Resident Demographic Profile
The population skews noticeably older than average, with over one in five residents aged 65 or above (compared to one in five nationally) and a notably smaller proportion of young adults aged 16–24. Housing tenure shows a stronger preference for outright ownership at 37.3%, well above the national average, alongside slightly elevated private rental activity at 23.1%. The employment profile is distinguished by a notably higher share of trades workers at 13% and above-average representation in plant and machinery roles, reflecting a more working-class orientation than the national average.