At a Glance
Average Property Price - M38
£180,542
8
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M38
£29,581
7
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M38
9.1%
100
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The latest average price is £181,000, placing it among the cheapest nationally. Growth over the past decade has been exceptionally strong at 9.1% annualised—among the fastest growth rates in the country. Transaction volume has been moderately quiet, with 87 sales in the latest year compared to an average of 102 over the past decade.
Rent & Yield Trends
Average monthly rent of £1,211 sits slightly above the national median. Rent growth over 10 years has been rapid at 5.5% annually—among the strongest nationally. The flat yield has improved markedly to 5.8%, well above its 10-year average of 4.7%, reflecting stronger rental returns.
Income & Affordability Trends
Average household income of £30,000 is well below the national average, placing it among the lowest nationally. The price-to-income ratio has deteriorated significantly from 3.5x in 2016 to 5.3x today, indicating that housing has become substantially less affordable. Rental affordability has also weakened, with the rent-to-income ratio rising from 31.2% to 36.3% over the same period.
Resident Demographic Profile
The area has a notably younger profile, with 25.1% of residents aged under 15—well above the national average of 17.5%. Social rented housing dominates at 40.8% of the housing stock, more than double the national share. Owner-occupation is correspondingly low at just 42.4% combined. The employment mix is skewed towards elementary occupations at 15.3%, significantly above the national average, alongside a strong representation in caring roles at 12.8%.