At a Glance
Average Property Price - IP13
£431,661
72
National percentile
Average Monthly Rent - IP
£957
43
National percentile
Average Net Household Income - IP13
£43,935
73
National percentile
Flat / Maisonette Yield - IP
5.5%
45
National percentile
10-Year Annualised Price Growth - IP13
3.0%
28
National percentile
10-Year Annualised Rent Growth - IP
4.3%
76
National percentile
Property Price & Volume Trends
The latest average property price in IP13 is £432,000, placing it among the more expensive areas nationally. However, 10-year annualised price growth of 3.0% per annum sits well below the national average, reflecting a relatively modest pace of capital appreciation. Transaction volumes have softened compared to the 10-year average, with 253 sales in the latest full year against a historical norm of 317.
Rent & Yield Trends
Average monthly rents of £957 sit slightly below the national midpoint, reflecting the area's rural character. Rent growth over the past decade, at 4.3% per annum, has outpaced the national average, indicating sustained demand from renters. The flat yield of 5.5% currently exceeds the 10-year average of 4.4%, suggesting improved returns for buy-to-let investors in recent months.
Income & Affordability Trends
Household incomes in IP13 average £43,935, placing the area in the upper quartile nationally. The price-to-income ratio of 10.0x has risen from 8.5x in 2016, indicating that property has become less affordable relative to local earnings over the past eight years. Rental affordability has also tightened, with rents now consuming 24.5% of household income compared to 21.4% in 2016.
Resident Demographic Profile
IP13 has a distinctly older population profile: those aged 65 and over represent 28.4% of residents, significantly above the national average of 19.6%, whilst younger age groups are underrepresented. Housing tenure reflects substantial outright ownership at 47.1%, well above the national norm of 33.7%, alongside lower private renting at 14.6%. The employment mix shows notable concentrations of managers (17.9%) and professionals (20%), with fewer people in elementary roles (7.9%) than the national average.