At a Glance
Average Property Price - HU4
£163,229
5
National percentile
Average Monthly Rent - HU
£679
6
National percentile
Average Net Household Income - HU4
£31,399
11
National percentile
Flat / Maisonette Yield - HU
6.1%
80
National percentile
10-Year Annualised Price Growth - HU4
2.5%
15
National percentile
10-Year Annualised Rent Growth - HU
3.5%
22
National percentile
Property Price & Volume Trends
At £163,000, HU4 is among the cheapest property markets nationally. Over the past decade, prices have grown by 2.5% annually—well below the national average, reflecting the area's modest property values and slower rate of capital appreciation. Transaction volumes have eased slightly, with 258 sales in the latest year compared to a 10-year average of 301.
Rent & Yield Trends
Monthly rents average £679, placing the area in the bottom 10% of UK rental markets nationally. Rent growth has been slow, at 3.5% annually over the decade, below typical national pace. Yields have strengthened considerably: the current flat yield of 6.1% is noticeably higher than the 10-year average of 4.9%, indicating improving investor returns as rents have begun to rise relative to purchase prices.
Income & Affordability Trends
Household income at £31,399 is notably below the national average, placing the area in the lower income decile. Purchase affordability has improved markedly: the price-to-income ratio has fallen from 5.4x in 2016 to 5.0x today, making property ownership more achievable for local earners. Rental affordability has also improved slightly, with rent-to-income ratios easing from 21.4% to 20.3% over the same period.
Resident Demographic Profile
The area has a slightly higher proportion of children under 15 (19.4% vs 17.5% nationally) and a lower share of young adults aged 16–24 (9.1% vs 11.0%). Housing tenure shows a notably higher reliance on social rented accommodation at 26.4%, well above the national average of 16.5%, while owner-occupation with a mortgage is close to average. Employment is heavily skewed towards trades (13.5%), plant and machine operation (11.8%), and elementary work (13.9%), with a markedly lower proportion of professionals (12.5%) and managers (7.5%) compared to national norms.