At a Glance
Average Property Price - IP29
£462,336
76
National percentile
Average Monthly Rent - IP
£957
43
National percentile
Average Net Household Income - IP29
£42,143
67
National percentile
Flat / Maisonette Yield - IP
5.5%
45
National percentile
10-Year Annualised Price Growth - IP29
2.1%
10
National percentile
10-Year Annualised Rent Growth - IP
4.3%
76
National percentile
Property Price & Volume Trends
The average property price in IP29 stands at £462,000, placing it among the more expensive nationally. However, 10-year annualised growth of 2.1% is well below the national average, reflecting modest capital appreciation over the decade. Transaction activity totalled 110 sales in the latest full year, slightly down on the 10-year average of 125, suggesting steady but unremarkable market turnover.
Rent & Yield Trends
Average monthly rent of £957 sits close to the national midpoint. Rent growth over the past decade has been relatively strong at 4.3% annually, outpacing national trends. The flat yield of 5.5% in the latest year has risen noticeably from its 10-year average of 4.4%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £42,000 is above the national average. The price-to-income ratio of 11.3x has deteriorated since 2016, when it stood at 9.1x, signalling that properties have become less affordable relative to local earnings. Rental affordability has also tightened: the rent-to-income ratio has risen from 21.4% to 24.5% over the same period.
Resident Demographic Profile
The population is notably older than average, with 27.1% aged 65 and above compared to the national figure of 19.6%, while those aged 16–24 are significantly underrepresented at 8.2% versus 11.0% nationally. Housing is heavily weighted towards outright ownership at 44.2%, well above the national average of 33.7%, reflecting a mature, settled community. The employment mix leans towards managers and professionals, with these roles comprising 37% of the workforce against 34% nationally, while elementary occupations are less common at 7.8% versus 10.2% nationally.