At a Glance
Average Property Price - LE14
£403,241
67
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE14
£43,865
72
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE14
3.6%
51
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The average property price of £403,000 sits comfortably above the national midpoint, placing it among the more expensive districts nationally. Over the past decade, prices have grown at 3.6% annually—broadly in line with the national average, reflecting steady but unremarkable capital appreciation. Transaction activity has softened slightly, with 260 sales in the latest full year compared to a 10-year average of 300, a modest 13% decline.
Rent & Yield Trends
Average monthly rents of £961 sit just below the national median, indicating affordable rental costs relative to the broader UK market. Rental growth has been notably strong, expanding at 4.9% annually over the past decade—among the fastest rates nationally. The flat yield of 6.3% currently exceeds its 10-year average of 4.9%, signalling an improving return environment for landlords in recent years.
Income & Affordability Trends
Household incomes average £43,865, placing the area well above the national average and among the more affluent districts. Purchase affordability has tightened marginally: the price-to-income ratio stands at 8.9x, up from 8.7x in 2016, suggesting property has become slightly less accessible relative to local earnings. Rental affordability has shown marginal improvement, with the rent-to-income ratio at 24.1% compared to 24.3% in 2016, indicating rents have grown slightly slower than incomes.
Resident Demographic Profile
The population is markedly older than average, with over half aged 50 or above—a significant skew towards the 50–64 (25.6%) and 65+ (25.1%) age groups. Housing tenure reflects strong ownership: 43.1% own outright and a further 31.4% own with a mortgage, well above national norms, whilst private rented and social rented housing are both underrepresented. Employment is dominated by managers (18.5%) and professionals (19.3%), with a notable trades presence (12.8%), reflecting the area's rural character and skilled workforce.