At a Glance
Average Property Price - S62
£185,967
9
National percentile
Average Monthly Rent - S
£713
8
National percentile
Average Net Household Income - S62
£32,650
17
National percentile
Flat / Maisonette Yield - S
4.7%
10
National percentile
10-Year Annualised Price Growth - S62
5.0%
89
National percentile
10-Year Annualised Rent Growth - S
3.6%
36
National percentile
Property Price & Volume Trends
The latest average property price of £186,000 places S62 among the most affordable areas nationally. Over the past decade, prices have grown at 5.0% annually—a notably strong rate that sits well above the typical national pace. Transaction volumes slipped to 183 sales in the latest full year, around one-fifth below the 10-year average of 219, reflecting broader recent market softness.
Rent & Yield Trends
Average monthly rent of £713 is well below the national average, positioning the area as one of the cheapest rental markets in the country. Rental growth has averaged 3.6% per year over the decade—below the typical national rate. Flat yields have strengthened to 4.7%, up from a 10-year average of 4.1%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Average net household income of £33,650 is noticeably below the national average, reflecting the area's lower-income demographic profile. The price-to-income ratio of 4.7x has drifted up slightly from 4.5x in 2016, meaning properties require a touch more of local earnings to purchase. Rental affordability has improved meaningfully: the rent-to-income ratio has fallen from 22.4% in 2016 to 20.8% today, making rental housing more accessible relative to local wages.
Resident Demographic Profile
The age profile shows a notably elevated 50–64 population at 21.4%—above the national average of 19.8%—alongside lower representation of young adults aged 16–24 at 9.6%. Housing tenure reveals a significantly above-average social rented sector at 26.9% against the national 16.5%, while private rental housing is sparse at 14.7%. The employment mix is heavily weighted towards manual and elementary work: trades represent 12.7% of workers (against a national 10.5%), and elementary occupations stand at 13.4% (above the national 10.2%), whilst professional roles are notably underrepresented at 12.2% compared to the national 20.5%.