At a Glance
Average Property Price - IP24
£247,644
27
National percentile
Average Monthly Rent - IP
£957
43
National percentile
Average Net Household Income - IP24
£38,004
49
National percentile
Flat / Maisonette Yield - IP
5.5%
45
National percentile
10-Year Annualised Price Growth - IP24
3.6%
51
National percentile
10-Year Annualised Rent Growth - IP
4.3%
76
National percentile
Property Price & Volume Trends
The average property price in IP24 is £248,000, placing it below the national midpoint. Over the past decade, prices have grown at 3.6% annually—broadly in line with the national average, showing steady but unremarkable appreciation. Transaction activity has softened noticeably, with 284 sales recorded in the latest full year compared to a 10-year average of 366 per year.
Rent & Yield Trends
Average monthly rent in the broader IP postcode area is £957, slightly below the national median. Rental growth has been notably strong at 4.3% per year over the past decade, placing it among the fastest-growing areas nationally. The flat yield currently stands at 5.5%, a marked improvement on the 10-year average of 4.4%, reflecting recent rental momentum.
Income & Affordability Trends
Average household income is £38,000, close to the national average. Purchase affordability has deteriorated: the price-to-income ratio has risen from 6.2x in 2016 to 6.9x today, making property ownership increasingly stretched relative to earnings. Rental affordability has also worsened, with rent consuming 24.5% of household income compared to 21.4% a decade ago.
Resident Demographic Profile
The age profile is relatively balanced, though young adults aged 16–24 are underrepresented at 9.4% against the national average of 11.0%. Housing tenure shows slightly higher private rental occupancy (24.3%) and lower owner-occupancy than national norms. The employment mix is notably weighted towards manual and trades work: elementary occupations account for 15.9% of the workforce (well above the national 10.2%), trades at 11.8%, and plant/machine operatives at 15.5%, while professional occupations are markedly low at just 10.4%.