At a Glance
Average Property Price - LE18
£263,388
31
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE18
£34,108
26
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE18
4.9%
87
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The latest average property price of £263,000 sits below the national average, placing it among the cheaper parts of the country. Over the past decade, the area has seen annualised price growth of 4.9%, which is notably faster than most other regions nationally. Transaction volumes have declined recently, with 338 sales in the latest year compared to a 10-year average of 513, suggesting a softer market.
Rent & Yield Trends
Average monthly rent of £961 is close to the national midpoint, reflecting typical rental costs across the UK. Rental growth over ten years has been strong at 4.9% per annum, outpacing most regions nationally and indicating sustained tenant demand. The flat yield has risen to 6.3%, well above its 10-year average of 4.9%, reflecting improving returns for buy-to-let investors despite recent price moderation.
Income & Affordability Trends
Average household income of £34,108 is below the national average, placing the area among lower-income regions. The price-to-income ratio has widened to 8.1x from 6.4x in 2016, indicating that property has become less affordable relative to earnings over the past eight years. Rental affordability has remained stable, with rent consuming 24.1% of household income, virtually unchanged since 2016.
Resident Demographic Profile
The population is notably older than average, with 22.2% aged 65 or over compared to the national figure of 19.6%. Housing tenure shows a strong lean towards outright ownership at 39.3%, well above the national average of 33.7%, reflecting an established, mature residential base. The employment profile is distinctive for lower representation in managerial roles (9.7% versus 13.4% nationally) and notably higher concentrations in caring professions (11.3% versus 9.2%) and trades (12% versus 10.5%).