Property trends for KT22

    KT22 covers Leatherhead and surrounding areas in Surrey, positioned south of London in the Home Counties. It is an affluent commuter belt destination with strong schools, countryside access, and established residential appeal.

    At a Glance

    Average Property Price - KT22

    £743,492

    95

    National percentile

    Average Monthly Rent - KT

    £1,733

    89

    National percentile

    Average Net Household Income - KT22

    £49,075

    87

    National percentile

    Flat / Maisonette Yield - KT

    4.8%

    15

    National percentile

    10-Year Annualised Price Growth - KT22

    2.3%

    13

    National percentile

    10-Year Annualised Rent Growth - KT

    2.5%

    1

    National percentile

    Property Price & Volume Trends

    At £743,000, KT22 is among the most expensive postcode districts in the country. However, its 10-year annualised price growth of 2.3% ranks among the slowest nationally, reflecting a maturing market with limited capital appreciation. Transaction volumes have softened: 328 sales in the latest year against a 10-year average of 439, suggesting reduced activity.

    Rent & Yield Trends

    Average monthly rent of £1,733 sits well above the national median, placing the area among the pricier rental markets. Rentals have grown at just 2.5% annually over the past decade—significantly below the national pace—indicating weak rental inflation. The flat yield stands at 4.8%, an improvement from its 10-year average of 4.0%, though this reflects price stagnation rather than rental strength.

    Income & Affordability Trends

    Household income averages £49,075, well above the national mean and placing the area among the most affluent nationwide. The price-to-income ratio of 18.7x has deteriorated since 2016 (15.5x), signalling that property has become less affordable relative to earnings in the intervening years. Rental affordability has improved modestly: the rent-to-income ratio has fallen from 35.8% to 33.6%, easing pressure on tenants slightly.

    Resident Demographic Profile

    The area skews towards middle age and established families: the 35–49 age group is notably overrepresented at 20.4% against the national 18.7%, whilst the 16–24 cohort is underrepresented at 8.8% versus 11.0% nationally. Owner-occupation is dominant, with 32.7% holding mortgages—above the national 27.0%—alongside 32.4% who own outright. The professional workforce is particularly pronounced at 23.6%, well ahead of the national 20.5%, and managers represent 18.7% of employment, substantially above the 13.4% average. Conversely, elementary occupations are scarce at 6.6% against the national 10.2%.

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