At a Glance
Average Property Price - IP31
£403,906
68
National percentile
Average Monthly Rent - IP
£957
43
National percentile
Average Net Household Income - IP31
£42,727
68
National percentile
Flat / Maisonette Yield - IP
5.5%
45
National percentile
10-Year Annualised Price Growth - IP31
3.4%
42
National percentile
10-Year Annualised Rent Growth - IP
4.3%
76
National percentile
Property Price & Volume Trends
The latest average property price in IP31 is £404,000, placing it among the more expensive districts nationally. Over the past decade, prices have grown at 3.4% annually—a slower pace than the national average, reflecting more modest market momentum. Transaction activity has softened recently, with 258 sales in the latest full year compared to a 10-year average of 339, suggesting a cooling in turnover.
Rent & Yield Trends
Average monthly rent in the broader IP postcode area is £957, slightly below the national midpoint. Rental growth has been notably strong at 4.3% per year over the past decade, outpacing national trends substantially. The flat yield currently stands at 5.5%, up from a 10-year average of 4.4%, indicating improving returns for buy-to-let investors in recent years.
Income & Affordability Trends
Average household income of £43,000 sits above the national average, reflecting the area's relatively affluent demographic profile. The price-to-income ratio of 9.3x shows property prices have become less affordable since 2016, when the ratio was 7.9x, signalling tightening purchasing power. Rental affordability has similarly worsened: the rent-to-income ratio has risen from 21.4% in 2016 to 24.5% today, indicating renters now spend a larger share of earnings on housing costs.
Resident Demographic Profile
IP31 has a notably older population: those aged 65 and over account for 25.3% of residents, well above the 19.6% national average, while the under-15 population is slightly lower at 16.2%. Housing tenure is markedly weighted towards outright ownership at 42.3%, significantly higher than the 33.7% national average, reflecting the area's mature demographic. The employment mix is distinctive for a high proportion of managers and technical professionals (31% combined), alongside an unusually low share of elementary occupations at 8.1%.