At a Glance
Average Property Price - HU3
£122,906
1
National percentile
Average Monthly Rent - HU
£679
6
National percentile
Average Net Household Income - HU3
£27,715
4
National percentile
Flat / Maisonette Yield - HU
6.1%
80
National percentile
10-Year Annualised Price Growth - HU3
3.1%
31
National percentile
10-Year Annualised Rent Growth - HU
3.5%
22
National percentile
Property Price & Volume Trends
Properties in HU3 are among the most affordable nationally, with an average price of £123,000. Over the past decade, prices have grown at 3.1% per year, slightly below the national trend. Transaction activity has slowed meaningfully, with 185 sales in the latest full year against a 10-year average of 273 annually.
Rent & Yield Trends
Rents across the broader HU area are well below the national average at £679 per month. Rental growth over ten years has been modest at 3.5% annually, in line with slower regional trends. Flat yields have risen to 6.1%, substantially above the 10-year average of 4.9%, reflecting stronger rental returns relative to capital values.
Income & Affordability Trends
Average household income of £28,000 is well below the national average. Purchase affordability has improved markedly: the price-to-income ratio stands at 4.3x, down from 5.1x in 2016, making home ownership more accessible in relative terms. Rental affordability has also tightened modestly, with rent-to-income ratios falling from 21.4% to 20.3%.
Resident Demographic Profile
The population skews younger than average, with 20.4% under 15 and notably fewer residents aged 65+ (11.7% versus 19.6% nationally). Housing tenure is highly distinctive: only 30.6% own their homes outright or with a mortgage, while private renting (38.9%) and social renting (29.4%) dominate—far above national norms. The employment profile reflects a strong manual labour presence, with 15.9% in plant and machinery roles and 12.2% in skilled trades, while professional roles are significantly underrepresented at 11.9%.