At a Glance
Average Property Price - HR5
£319,360
48
National percentile
Average Monthly Rent - HR
£819
21
National percentile
Average Net Household Income - HR5
£35,483
34
National percentile
Flat / Maisonette Yield - HR
5.2%
26
National percentile
10-Year Annualised Price Growth - HR5
4.7%
85
National percentile
10-Year Annualised Rent Growth - HR
3.6%
40
National percentile
Property Price & Volume Trends
The average property price in HR5 is £319,000, close to the national midpoint. Over the past decade, prices have grown at 4.7% annually—among the fastest growth rates nationally. However, transaction volumes have slowed: the latest year saw 54 sales compared to a 10-year average of 63, suggesting a cooling in market activity.
Rent & Yield Trends
Monthly rents in the broader HR postcode average £819, below the national average. Rental growth over ten years has been modest at 3.6% per year, also below the national pace. The flat yield currently stands at 5.2%, up from a 10-year average of 4.5%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income is £35,483, below the national average. The price-to-income ratio of 8.2x has worsened since 2016 (when it was 7.1x), suggesting homes have become less affordable relative to local earnings. Rental affordability has improved slightly: the rent-to-income ratio has fallen from 23.6% to 23.2%, easing pressure on tenants.
Resident Demographic Profile
The population is notably older, with nearly a third (31.3%) aged 65 and over—well above the national average of 19.6%. Conversely, younger adults aged 16–24 are significantly underrepresented at 7.3% compared to 11% nationally. Housing tenure is dominated by outright ownership at 48.5%, nearly 50% higher than the national norm, reflecting the area's older demographic. The workforce is skewed towards trades (21%), substantially above the national share of 10.5%, alongside lower representation in professional and administrative roles.