At a Glance
Average Property Price - LA2
£327,161
51
National percentile
Average Monthly Rent - LA
£795
20
National percentile
Average Net Household Income - LA2
£36,231
39
National percentile
Flat / Maisonette Yield - LA
4.8%
17
National percentile
10-Year Annualised Price Growth - LA2
3.7%
55
National percentile
10-Year Annualised Rent Growth - LA
3.2%
10
National percentile
Property Price & Volume Trends
The average property price of £327,000 sits at the national median, reflecting neither above nor below-average valuations nationally. Over the past decade, prices have grown at 3.7% per year, slightly above the national average pace. Transaction volumes have declined: the latest year saw 245 sales compared to a ten-year average of 360, suggesting a slower market than its historical norm.
Rent & Yield Trends
Monthly rents average £795, placing the area well below the national average and among the least expensive regions to rent in. Rental growth has lagged nationally at 3.2% annually over the past decade. The flat yield has improved to 4.8% in the latest year from a ten-year average of 4.2%, indicating strengthening rental returns relative to property prices.
Income & Affordability Trends
Average household income of £36,231 is below the national average, positioning the area in the lower-middle band nationally. The price-to-income ratio has risen to 9.1x from 7.2x in 2016, reflecting a significant deterioration in purchase affordability over the period. Rental affordability has marginally improved: the rent-to-income ratio has fallen to 23.3% from 23.7% in 2016, a modest easing of rental burden.
Resident Demographic Profile
The area skews notably older, with 23.3% aged 65 and over compared to the national average of 19.6%, while the 16–24 age group is substantially overrepresented at 20.8% against 11.0% nationally—likely reflecting the university population. Outright home ownership is exceptionally high at 48.8% versus the national 33.7%, with correspondingly lower private renting at 16.2% against 21.7% nationally. The employment mix shows a pronounced shift towards trades at 15.1% against the national 10.5%, while the 25–34 professional age group is underrepresented in the workforce.