At a Glance
Average Property Price - RH3
£744,617
95
National percentile
Average Monthly Rent - RH
£1,478
80
National percentile
Average Net Household Income - RH3
£46,544
80
National percentile
Flat / Maisonette Yield - RH
5.6%
47
National percentile
10-Year Annualised Price Growth - RH3
1.5%
5
National percentile
10-Year Annualised Rent Growth - RH
3.6%
34
National percentile
Property Price & Volume Trends
The average property price of £745,000 places RH3 among the most expensive markets nationally. However, 10-year annualised growth of 1.5% has been below the national average, suggesting modest price appreciation over the longer term. Transaction volume has softened slightly, with 46 sales in the latest full year compared to a 10-year average of 55, indicating a moderately active but quieter market than its historical norm.
Rent & Yield Trends
At £1,478 per month, rental levels are well above average nationally, reflecting the area's premium positioning. Rent growth of 3.6% annually over the past decade has been slower than the national pace. The flat yield stands at 5.6%, a meaningful improvement on the 10-year average of 4.6%, pointing to better rental returns at current price and rent levels.
Income & Affordability Trends
Household incomes average £46,544, placing the area well above the national median. The price-to-income ratio of 17.7x has deteriorated since 2016 (when it stood at 15.3x), signalling that property has become less affordable relative to local earnings despite moderate price growth. The rent-to-income ratio of 31.8% is above its 2016 level of 30.4%, indicating that rental affordability for tenants has also tightened.
Resident Demographic Profile
RH3's population is notably older, with over half of residents aged 50 and above—significantly higher than the national average. The under-15 and 16–24 age groups are both well below average, reflecting an ageing demographic. Housing tenure is heavily skewed towards outright ownership at nearly 50%, far above the national figure, whilst private and social rented housing account for much smaller shares than nationally. The employment profile is weighted towards managers and professionals, who together represent over 44% of the workforce, well ahead of the national combined average of around 34%.