At a Glance
Average Property Price - LL58
£339,769
54
National percentile
Average Monthly Rent - LL
£721
12
National percentile
Average Net Household Income - LL58
£36,131
38
National percentile
Flat / Maisonette Yield - LL
5.3%
30
National percentile
10-Year Annualised Price Growth - LL58
3.9%
64
National percentile
10-Year Annualised Rent Growth - LL
3.3%
17
National percentile
Property Price & Volume Trends
The average property price is £340,000, close to the national median and showing steady growth. Over the past decade, annual price appreciation has averaged 3.9%, broadly in line with national performance. Transaction activity has declined notably, with 35 sales recorded in the latest year compared to a 10-year average of 56 per year.
Rent & Yield Trends
Average monthly rent stands at £721, well below the national average and among the least expensive areas to rent in the UK. Rental growth over the past decade has been modest at 3.3% annually. The flat yield has strengthened to 5.3%, up from a 10-year average of 4.5%, indicating improved rental returns relative to property values.
Income & Affordability Trends
Average household income is £36,131, slightly below the national average. The price-to-income ratio of 10.3x has widened since 2016 (when it was 8.0x), indicating that property prices have risen faster than incomes, making purchase less affordable. Rental affordability has improved: the rent-to-income ratio has fallen to 22% from 24.2% in 2016, reflecting relatively stable rents in an area of modest income.
Resident Demographic Profile
The population skews notably towards retirement: over-65s represent one-third of residents, far above the national average of 20%, while those aged under 25 are significantly underrepresented. Housing tenure is dominated by outright ownership at 53%, nearly 20 percentage points above the national norm, with correspondingly low rates of mortgage-backed and rented housing. The workforce has a notably higher proportion in trades (15% versus 11% nationally) and caring roles, alongside above-average professional employment, while elementary occupations are comparatively scarce.