Property trends for HU13

    HU13 covers the areas around Beverley and Driffield in the East Riding of Yorkshire, situated in the East Midlands region. It is a mixed residential district with market towns and rural character, offering a blend of traditional and suburban living.

    At a Glance

    Average Property Price - HU13

    £232,971

    22

    National percentile

    Average Monthly Rent - HU

    £679

    6

    National percentile

    Average Net Household Income - HU13

    £38,579

    52

    National percentile

    Flat / Maisonette Yield - HU

    6.1%

    80

    National percentile

    10-Year Annualised Price Growth - HU13

    3.3%

    37

    National percentile

    10-Year Annualised Rent Growth - HU

    3.5%

    22

    National percentile

    Property Price & Volume Trends

    The latest average property price in HU13 is £233,000, which sits below the national average. Over the past decade, prices have grown by 3.3% annually — a slower pace than the national average. Transaction activity has declined notably: 243 sales in the latest full year compared to an average of 317 over the past ten years, reflecting weaker recent momentum.

    Rent & Yield Trends

    Average monthly rent across the broader HU postcode is £679, placing it well below the national average. Over ten years, rents have grown at 3.5% annually, which is slower than the national trend. Flat yield currently stands at 6.1%, up from a ten-year average of 4.9%, suggesting recent strengthening in the rental return relative to capital values.

    Income & Affordability Trends

    Average net household income of £38,579 is broadly in line with the national average. Affordability has improved: the price-to-income ratio has fallen from 6.4x in 2016 to 5.7x today, indicating homes have become more accessible relative to local earnings. Rental affordability has also improved marginally, with the rent-to-income ratio easing from 21.4% to 20.3% over the same period.

    Resident Demographic Profile

    The population skews older than average, with those aged 50–64 at 21.3% and 65+ at 21.6%, compared to national averages of 19.8% and 19.6% respectively. Conversely, the 16–24 age group is notably underrepresented at 8.6% against the national norm of 11.0%. Housing tenure is distinctive: owner-occupancy with a mortgage is unusually high at 35.4% (national 27.0%), while both private renting and social renting are below average, reflecting a predominantly owned housing market. Trades employment is elevated at 12.0% versus the national 10.5%.

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