At a Glance
Average Property Price - HR7
£297,637
41
National percentile
Average Monthly Rent - HR
£819
21
National percentile
Average Net Household Income - HR7
£35,297
33
National percentile
Flat / Maisonette Yield - HR
5.2%
26
National percentile
10-Year Annualised Price Growth - HR7
2.9%
25
National percentile
10-Year Annualised Rent Growth - HR
3.6%
40
National percentile
Property Price & Volume Trends
The average property price in HR7 stands at £298,000, slightly below the national midpoint. Over the past decade, prices have grown at 2.9% annually—a notably slower pace than the national average, suggesting more muted appreciation in this rural market. Transaction activity has fallen; the postcode saw 76 sales in the latest full year compared to its 10-year average of 109, indicating a quieter market.
Rent & Yield Trends
Average monthly rent in the HR postcode area is £819, well below the national average, reflecting the rural character of the region. Rental growth over ten years has averaged 3.6% per year, tracking close to the national trend. The flat yield currently stands at 5.2%, notably above its 10-year average of 4.5%, signalling improved returns for landlords in recent years.
Income & Affordability Trends
Average net household income is £35,297, below the national average and placing the area in the lower-middle income bracket. The price-to-income ratio has deteriorated: it now stands at 9.4x, up from 7.4x in 2016, meaning property has become less affordable relative to earnings over the past eight years. Rental affordability has slightly improved; the rent-to-income ratio has edged down from 23.6% to 23.2%, though it remains tight.
Resident Demographic Profile
HR7 has a significantly older population than average: a third of residents are aged 65 and over, compared to a national average of 19.6%, and half of all adults are aged 50 or above. Young adults aged 16–24 are markedly underrepresented at 7.1% versus the national 11%. Housing is dominated by outright ownership at 45.6%—well above the national average of 33.7%—while private rental tenure is proportionally lower. The employment mix shows above-average representation in trades (17.7%) and management roles (16.1%), with fewer professionals than the national norm.