At a Glance
Average Property Price - LE6
£325,646
50
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE6
£41,161
63
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE6
3.6%
52
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The average property price of £326,000 sits at the national midpoint, reflecting a balanced market neither notably expensive nor affordable by national standards. Over the past decade, prices have grown at 3.6% annually—broadly in line with the national trend. Transaction volumes have eased slightly, with 166 sales in the latest year compared to a 10-year average of 189, suggesting a modest softening in activity.
Rent & Yield Trends
Average monthly rent of £961 is slightly below the national median, positioning the area as relatively affordable on the rental market. Rent growth has been notably strong at 4.9% annually—among the fastest nationally—reflecting sustained demand. The flat yield has improved meaningfully to 6.3%, up from a 10-year average of 4.9%, indicating improved returns for buy-to-let investors despite softer capital growth.
Income & Affordability Trends
Household incomes here are above the national average at £41,161, reflecting a reasonably prosperous local economy. However, affordability has deteriorated: the price-to-income ratio has risen to 9.0x from 6.9x in 2016, showing that property has become significantly harder to access relative to local earnings. Rental affordability has remained stable, with rent currently consuming 24.1% of household income—essentially unchanged since 2016.
Resident Demographic Profile
The population skews slightly older than average, with notably higher representation among those aged 50–64 and 65+ and correspondingly fewer young adults aged 16–24. Home ownership is strong: 37.7% own outright (well above the 33.7% national figure) and 34.9% own with a mortgage, while private and social renting together account for only 26.1%. The employment mix is broadly typical, though trades workers are slightly overrepresented at 11.7% compared to the national 10.5%.