At a Glance
Average Property Price - RG23
£432,122
72
National percentile
Average Monthly Rent - RG
£1,414
74
National percentile
Average Net Household Income - RG23
£47,043
81
National percentile
Flat / Maisonette Yield - RG
5.7%
54
National percentile
10-Year Annualised Price Growth - RG23
3.5%
48
National percentile
10-Year Annualised Rent Growth - RG
3.6%
30
National percentile
Property Price & Volume Trends
The latest average property price in RG23 is £432,000, placing it among the most expensive districts nationally. Over the past decade, prices have grown at 3.5% annually—roughly in line with the national average. Transaction activity has eased slightly, with 211 sales in the latest full year compared to a 10-year average of 249 per year.
Rent & Yield Trends
Average monthly rent in the broader RG area is £1,414, well above the national average. Rental growth over the past decade has been modest at 3.6% annually, below the typical national pace. The flat yield currently stands at 5.7%, a material improvement on the 10-year average of 4.5%, reflecting a strengthening rental investment backdrop.
Income & Affordability Trends
Average net household income is £47,000, among the highest nationally. Purchase affordability has tightened considerably: the price-to-income ratio has risen from 8.1x in 2016 to 9.3x today, placing greater pressure on buyer finances. Rental affordability has remained relatively stable, with renters spending 28.9% of income on housing compared to 28% in 2016.
Resident Demographic Profile
The area has a notably larger share of working-age adults aged 35–49 (21.4% vs 18.7% nationally) and younger children under 15 (19.9% vs 17.5%). Conversely, young adults aged 16–24 are underrepresented at 8.9%. Housing tenure is dominated by mortgaged properties (35.9%), well above the national figure of 27%, reflecting family-oriented settlement. The professional workforce is slightly elevated at 22.4%, and technical roles are notably stronger at 14.9% compared to 13.2% nationally.