At a Glance
Average Property Price - HX3
£232,507
22
National percentile
Average Monthly Rent - HX
£737
16
National percentile
Average Net Household Income - HX3
£36,554
41
National percentile
Flat / Maisonette Yield - HX
4.9%
21
National percentile
10-Year Annualised Price Growth - HX3
3.8%
60
National percentile
10-Year Annualised Rent Growth - HX
3.5%
30
National percentile
Property Price & Volume Trends
The latest average property price in HX3 is £233,000, placing it well below the national average. Over the past decade, prices have grown at 3.8% annually—a moderate pace that sits close to the national midpoint, indicating stable but unremarkable appreciation relative to other UK areas. Transaction volumes have eased slightly, with 629 sales in the latest year compared to a 10-year average of 706, suggesting a modest softening in activity.
Rent & Yield Trends
Average monthly rent stands at £737, significantly below the national average and among the more affordable rental markets nationally. Rental growth over the past decade has been 3.5% annually, slower than the national rate, reflecting subdued demand pressures. The flat yield has strengthened to 4.9%, up from a 10-year average of 4.4%, indicating improved returns for landlords despite moderate rental growth.
Income & Affordability Trends
Average net household income of £36,554 is slightly below the national average. The price-to-income ratio of 5.9x has improved modestly since 2016 (when it was 6.0x), meaning homes have become marginally more affordable relative to earnings. Rental affordability has improved notably: the rent-to-income ratio has fallen from 22.2% in 2016 to 20.5% today, indicating rents have grown more slowly than incomes.
Resident Demographic Profile
The population skews slightly older than the national average, with a notably higher proportion aged 50–64 (21.6% vs 19.8%) and 65+ (20.2% vs 19.6%), while those aged 16–24 are underrepresented at 8.8% against the national 11.0%. Housing tenure closely mirrors national patterns overall. The employment mix is relatively balanced, though administrative roles are somewhat more prevalent (10.5% vs 9.0%) and elementary roles less common (8.9% vs 10.2%).