At a Glance
Average Property Price - IP23
£411,010
69
National percentile
Average Monthly Rent - IP
£957
43
National percentile
Average Net Household Income - IP23
£39,589
56
National percentile
Flat / Maisonette Yield - IP
5.5%
45
National percentile
10-Year Annualised Price Growth - IP23
4.2%
71
National percentile
10-Year Annualised Rent Growth - IP
4.3%
76
National percentile
Property Price & Volume Trends
The average property price in IP23 is £411,000, placing it among the more expensive districts nationally. Ten-year price growth has averaged 4.2% annually, slightly above the national trend. Transaction volumes have softened recently, with 91 sales in the latest year compared to a ten-year average of 123, suggesting a less active market than historically.
Rent & Yield Trends
Average monthly rent across the IP postcode area stands at £957, close to the national median. Rental growth has been notably strong at 4.3% annually over the past decade, well above the national average. The current flat yield of 5.5% is healthily elevated compared to the ten-year average of 4.4%, indicating improving returns for landlords in recent years.
Income & Affordability Trends
Average household income is £39,589, slightly above the national midpoint. Purchase affordability has deteriorated significantly: the price-to-income ratio has risen from 7.6x in 2016 to 10.1x today, reflecting the outpacing of prices over local income growth. Rental affordability has similarly weakened, with rent consuming 24.5% of household income compared to 21.4% in 2016.
Resident Demographic Profile
IP23 has a distinctly older population: nearly 30% are aged 65 and over, well above the national average of 20%, whilst those aged 16–24 are substantially underrepresented at 8% versus 11% nationally. Housing tenure is heavily skewed towards outright ownership at 48%, nearly 50% above the national average, with correspondingly low private renting at 14%. The employment profile is notably trade-heavy at 15%, above the national 11%, whilst professional and managerial roles are comparatively less prominent.