At a Glance
Average Property Price - IP32
£305,488
43
National percentile
Average Monthly Rent - IP
£957
43
National percentile
Average Net Household Income - IP32
£42,246
67
National percentile
Flat / Maisonette Yield - IP
5.5%
45
National percentile
10-Year Annualised Price Growth - IP32
2.9%
25
National percentile
10-Year Annualised Rent Growth - IP
4.3%
76
National percentile
Property Price & Volume Trends
The current average property price of £305,000 sits slightly below the national mid-point. Over the past decade, the area has seen annualised growth of 2.9%, which is well below the national average, indicating slower capital appreciation. Transaction activity has declined notably, with 242 sales in the latest full year compared to a 10-year average of 337 annually.
Rent & Yield Trends
Average rents of £957 per month are broadly in line with the national mid-point. However, rental growth has been stronger than usual, with annualised increases of 4.3% over the past decade—among the fastest nationally. The flat yield currently stands at 5.5%, a meaningful uplift from its 10-year average of 4.4%, reflecting recent rental momentum.
Income & Affordability Trends
Average household income of £42,246 is above the national average. Purchase affordability has deteriorated: the price-to-income ratio has risen from 6.6x in 2016 to 7.7x today, making homes proportionally less affordable than they were eight years ago. Rental affordability has similarly worsened, with rents consuming 24.5% of household income compared to 21.4% in 2016.
Resident Demographic Profile
The age profile is broadly balanced but slightly skewed toward older residents, with those aged 35–49 and 50–64 modestly overrepresented. Social rented tenure is notably elevated at over 20%, well above the national average of 16.5%, while outright ownership is slightly below average. The workforce shows a below-average proportion of managers alongside higher representation in elementary, caring, and plant/machinery roles.