At a Glance
Average Property Price - LE16
£394,814
66
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE16
£42,531
68
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE16
3.8%
59
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The latest average price stands at £395,000, placing the district among the more expensive areas nationally. Over the past decade, prices have grown at 3.8% annually—slightly above the midpoint of national performance. Transaction volume has softened to 608 sales in the latest year, down from a 10-year average of 772, reflecting current market conditions.
Rent & Yield Trends
Average monthly rents of £961 sit slightly below the national midpoint, and rental growth over the past decade has been notably strong at 4.9% per year—among the fastest nationally. The flat yield has risen to 6.3%, a marked improvement from its 10-year average of 4.9%, signalling improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £42,531 is above the national average, placing the area among better-earning regions. The price-to-income ratio of 9.6x has widened since 2016 (when it stood at 8.5x), making purchase affordability moderately tighter. Rental affordability remains stable, with rents consuming 24.1% of income compared to 24.3% in 2016—essentially unchanged.
Resident Demographic Profile
The population is notably older than the national average, with 22.9% aged 65 and above compared to 19.6% nationally, and a correspondingly smaller share of younger adults aged 16–24 (8.7% vs 11.0% nationally). Owner-occupation is significantly higher than average: 39.1% own outright and 31.4% own with a mortgage, giving an owner-occupier base of 70.5% against a national average of 60.7%. The employment mix is skewed towards managers and professionals (17.1% and 21.4% respectively), reflecting a relatively affluent, well-qualified workforce.