At a Glance
Average Property Price - KT24
£1,015,248
98
National percentile
Average Monthly Rent - KT
£1,733
89
National percentile
Average Net Household Income - KT24
£58,864
98
National percentile
Flat / Maisonette Yield - KT
4.8%
15
National percentile
10-Year Annualised Price Growth - KT24
2.3%
13
National percentile
10-Year Annualised Rent Growth - KT
2.5%
1
National percentile
Property Price & Volume Trends
The latest average property price of £1,015,000 places KT24 among the most expensive nationally. Over the past decade, prices have grown at 2.3% annually, a rate well below the national trend. Transaction activity has eased in the latest year, with 98 sales recorded against a 10-year average of 130 per year.
Rent & Yield Trends
Average monthly rents of £1,733 sit well above the national norm, reflecting the area's affluence. However, rental growth over the past decade has been exceptionally slow, tracking at 2.5% annually against a backdrop of much faster national growth. The current flat yield of 4.8% has improved noticeably from its 10-year average of 4.0%, offering better income prospects for landlords.
Income & Affordability Trends
Household incomes are exceptionally high, placing the area among the wealthiest nationally with an average net income of £58,864. Purchase affordability has deteriorated: the price-to-income ratio has widened from 15.9x in 2016 to 18.0x today. Rental affordability has improved markedly over the same period, with the rent-to-income ratio falling from 35.8% to 33.6%.
Resident Demographic Profile
The population is notably older and more settled than the national average, with over half aged 50 or above, compared to roughly two-fifths nationally. Housing tenure is dominated by outright ownership at 48%, far above the national figure of 34%, while private rented and social housing are significantly underrepresented. The workforce is heavily weighted toward senior professionals and managers, who together account for over half of employment, far exceeding national proportions.