At a Glance
Average Property Price - LE13
£260,175
31
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE13
£39,923
58
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE13
4.0%
65
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The average property price of £260,000 sits below the national average, placing it among the more affordable parts of the UK. Over the past decade, prices have grown at 4.0% annually—a solid pace, slightly above the national trend. Transaction activity in the latest year stood at 458 sales, slightly below the 10-year average of 485, suggesting a modest slowdown in market momentum.
Rent & Yield Trends
Average monthly rents of £961 sit close to the national middle ground. Rental growth over the past decade has been notably strong at 4.9% per year, among the fastest-growing areas nationally. The rental yield of 6.3% in the latest year represents a healthy improvement from the 10-year average of 4.9%, reflecting a favourable shift for landlords.
Income & Affordability Trends
Average household income of £40,000 is slightly above the national median, placing the area in the middle tier nationally. The price-to-income ratio of 6.8x has deteriorated since 2016 (when it stood at 6.1x), indicating that property prices have outpaced income growth and affordability for buyers has tightened. Rental affordability has remained broadly stable, with the rent-to-income ratio holding at 24% of income.
Resident Demographic Profile
The population skews noticeably older, with 22% aged 65 and over compared to the national average of 20%, and a notably smaller proportion of young adults aged 16–24 at 8.5% versus 11% nationally. Housing is dominated by owner-occupation: nearly 40% own outright and a further 31% own with a mortgage, well above national norms, while private renting is correspondingly below average at 17%. The employment profile is more trade-focused than national norms, with skilled trades at 13% versus 11% nationally, while professional roles are underrepresented at 14% against the national 21%.