At a Glance
Average Property Price - KT23
£736,433
94
National percentile
Average Monthly Rent - KT
£1,733
89
National percentile
Average Net Household Income - KT23
£49,641
88
National percentile
Flat / Maisonette Yield - KT
4.8%
15
National percentile
10-Year Annualised Price Growth - KT23
2.2%
11
National percentile
10-Year Annualised Rent Growth - KT
2.5%
1
National percentile
Property Price & Volume Trends
The average property price of £736,000 places KT23 among the most expensive nationally. However, 10-year annualised growth of 2.2% ranks in the slower half of the market, reflecting the more mature stage of this established commuter belt. Transaction volumes have declined recently, averaging 120 sales in the latest year against a 10-year average of 161 per annum.
Rent & Yield Trends
Average monthly rents of £1,733 are well above the national median, reflecting the area's affluent character. Notably, 10-year rent growth of 2.5% ranks among the slowest nationally, suggesting rental demand has remained subdued relative to other regions. The flat yield of 4.8% has improved from its 10-year average of 4.0%, indicating a modest strengthening of rental returns in recent years.
Income & Affordability Trends
Average household income of £49,641 sits in the upper quartile nationally. The price-to-income ratio of 15.1x has drifted slightly higher since 2016 (14.9x), signalling modestly tighter purchase affordability despite strong local incomes. Rental affordability has improved notably: the rent-to-income ratio has fallen from 35.8% in 2016 to 33.6% today, easing the burden on renters.
Resident Demographic Profile
The population skews notably older, with 25.9% aged 65 and above against a national average of 19.6%, whilst those aged 16–24 are underrepresented at 8.1% versus 11.0% nationally. Owner-occupation is strong, with 43.1% owning outright—significantly above the national 33.7%—reflecting an established, stable resident base. The workforce is heavily weighted towards professional and managerial roles, with these two categories accounting for 44% of employment, compared to a combined national figure of 33.9%.