At a Glance
Average Property Price - IP16
£293,305
40
National percentile
Average Monthly Rent - IP
£957
43
National percentile
Average Net Household Income - IP16
£35,592
35
National percentile
Flat / Maisonette Yield - IP
5.5%
45
National percentile
10-Year Annualised Price Growth - IP16
3.6%
50
National percentile
10-Year Annualised Rent Growth - IP
4.3%
76
National percentile
Property Price & Volume Trends
The average property price in IP16 stands at £293,000, placing it slightly below the national midpoint. Over the past decade, prices have grown at 3.6% annually, roughly in line with the national pace of growth. Transaction activity has slowed notably, with 78 sales in the latest full year compared to an average of 136 over the previous ten years, suggesting a tightening of market activity.
Rent & Yield Trends
Average monthly rent in the broader IP postcode area is £957, modestly below the national typical level. Rental growth over ten years has been robust at 4.3% annually, significantly outpacing the national average and reflecting sustained demand for rental stock. The current flat yield of 5.5% remains elevated compared to its ten-year average of 4.4%, indicating improved returns for buy-to-let investors in recent years.
Income & Affordability Trends
Average net household income is £35,600, below the national average at the lower end of the spectrum. The price-to-income ratio has deteriorated markedly to 9.5x from 6.3x in 2016, reflecting property price inflation outpacing wage growth and making purchase less affordable for local buyers. Rental affordability has similarly worsened, with rent now consuming 24.5% of household income compared to 21.4% a decade ago.
Resident Demographic Profile
The population is significantly older than the national profile, with nearly one in three residents aged 65 or over compared to just under one in five nationally. Working-age groups are correspondingly underrepresented, particularly those aged 16–24 and 25–34. Housing tenure is dominated by outright ownership at 45.5%, well above the national average, reflecting the area's character as a retirement and established community destination. Employment is weighted towards skilled trades at 16%, notably higher than the 10.5% national figure, and caring professions at 10.7%, with proportionally fewer professionals and managers than the national average.