At a Glance
Average Property Price - IP22
£350,263
56
National percentile
Average Monthly Rent - IP
£957
43
National percentile
Average Net Household Income - IP22
£36,575
41
National percentile
Flat / Maisonette Yield - IP
5.5%
45
National percentile
10-Year Annualised Price Growth - IP22
3.8%
59
National percentile
10-Year Annualised Rent Growth - IP
4.3%
76
National percentile
Property Price & Volume Trends
The latest average property price in IP22 is £350,000, close to the national midpoint. Ten-year annualised growth has averaged 3.8%, broadly in line with the UK overall. Transaction activity has moderated: 274 sales were recorded in the latest full year, down from a ten-year average of 353 per annum.
Rent & Yield Trends
Average monthly rents of £957 sit slightly below the national average. Rental growth over the past decade has been strong at 4.3% per year, outpacing most of the UK. The flat yield currently stands at 5.5%, a meaningful improvement on the ten-year average of 4.4%, reflecting recent buoyancy in the rental market.
Income & Affordability Trends
Net household income averages £36,575, modestly below the national typical. The purchase affordability position has tightened: the price-to-income ratio stands at 9.7x, up from 7.9x in 2016, signalling reduced buying power relative to local earnings. Rental affordability has similarly weakened, with rent consuming 24.5% of household income compared to 21.4% a decade ago.
Resident Demographic Profile
IP22 skews notably older, with over a quarter of residents aged 65 and above—well above the national figure of 19.6%—and those aged 50–64 also overrepresented at 21.7%. The younger population is correspondingly sparse, particularly the 16–24 age group at just 8%. Owner-occupation is strong at 67.3% of households (owned outright and mortgaged combined), significantly above the national 60.7%, whilst the trades sector is notably more prevalent at 13.7% compared to the national 10.5%.