At a Glance
Average Property Price - IP2
£229,983
21
National percentile
Average Monthly Rent - IP
£957
43
National percentile
Average Net Household Income - IP2
£35,514
35
National percentile
Flat / Maisonette Yield - IP
5.5%
45
National percentile
10-Year Annualised Price Growth - IP2
3.8%
57
National percentile
10-Year Annualised Rent Growth - IP
4.3%
76
National percentile
Property Price & Volume Trends
The latest average property price in IP2 is £230,000, placing it well below the national average—among the cheapest quarters of the country. Over the past decade, prices have grown at 3.8% annually, slightly below the national pace. Transaction volumes have declined notably: 258 sales in the latest full year compared to a 10-year average of 364, suggesting softer recent demand.
Rent & Yield Trends
The average monthly rent of £957 sits close to the national midpoint. Rent growth over ten years has been strong at 4.3% annually, outpacing most regions nationally. The flat yield currently stands at 5.5%, a marked improvement on its 10-year average of 4.4%, indicating increasingly attractive returns for landlords in this area.
Income & Affordability Trends
Average household income is £35,514, below the national median and among the lower-earning quarters of the country. The purchase price-to-income ratio of 7.0x has deteriorated significantly since 2016 (when it stood at 5.8x), making homes notably less affordable on a local income basis. Rental affordability has also worsened: rents now consume 24.5% of income compared to 21.4% in 2016, a meaningful squeeze on renters.
Resident Demographic Profile
The population skews younger than average, with 20.1% under 15—notably above the 17.5% national figure. Social rented housing is substantially overrepresented at 28.5% versus the national 16.5%, reflecting the area's higher proportion of lower-income households. Private rented tenure is also elevated at 24.5% against 21.7% nationally. Employment is weighted toward elementary and caring roles (14.9% and 11.5% respectively, both well above national averages), while professional occupations are significantly underrepresented at 14.2% against 20.5% nationally.