At a Glance
Average Property Price - HX1
£129,941
1
National percentile
Average Monthly Rent - HX
£737
16
National percentile
Average Net Household Income - HX1
£31,730
13
National percentile
Flat / Maisonette Yield - HX
4.9%
21
National percentile
10-Year Annualised Price Growth - HX1
2.8%
23
National percentile
10-Year Annualised Rent Growth - HX
3.5%
30
National percentile
Property Price & Volume Trends
The latest average property price in HX1 is £130,000, placing it among the cheapest in the UK. Over the past decade, prices have grown at 2.8% annually, which is below the national average rate of growth. Transaction volumes have softened: 176 sales were recorded in the latest full year, down from a ten-year average of 247 per year.
Rent & Yield Trends
Average monthly rent in the HX postcode area is £737, below the national average. Rents have grown at 3.5% annually over the past decade, slightly below the national pace. The flat yield currently stands at 4.9%, an improvement on the ten-year average of 4.4%, signalling improving returns for landlords.
Income & Affordability Trends
Average net household income is £31,730, notably below the national average. The price-to-income ratio of 4.1x represents a modest improvement from 4.3x in 2016, indicating that property has become slightly more affordable relative to earnings. Rental affordability has also strengthened: the rent-to-income ratio has fallen from 22.2% in 2016 to 20.5% today.
Resident Demographic Profile
The population skews slightly older, with 20.1% aged 35–49 and only 15.5% aged 65 and over, compared to the national average of 19.6%. Private rental tenure is notably high at 32.4%, well above the national average of 21.7%, while outright ownership at 25.1% is below average. The employment mix is distinctive for a higher share in caring roles (11.3%) and plant/machine operation (11.5%), with fewer professionals (17.5%) and managers (8.8%) than the national average.