At a Glance
Average Property Price - SA47
£245,400
26
National percentile
Average Monthly Rent - SA
£716
10
National percentile
Average Net Household Income - SA47
£32,915
18
National percentile
Flat / Maisonette Yield - SA
4.8%
12
National percentile
10-Year Annualised Price Growth - SA47
5.5%
93
National percentile
10-Year Annualised Rent Growth - SA
3.5%
28
National percentile
Property Price & Volume Trends
The latest average property price of £245,400 sits well below the national average, placing it among the more affordable areas nationally. However, the district has experienced strong 10-year annualised price growth of 5.5%, which ranks among the fastest-growing areas nationally. Transaction volumes have slowed considerably: only 5 sales were recorded in the latest full year, compared with an average of 13 annually over the past decade.
Rent & Yield Trends
Average monthly rents of £716 are significantly below the national average, reflecting the rural character of the area. Rental growth over the past decade has been modest at 3.5% annually, below the national pace. The flat yield currently stands at 4.8%, representing a meaningful improvement from its 10-year average of 4.1%, suggesting a tightening rental market relative to capital values.
Income & Affordability Trends
Average net household income of £32,915 is well below the national average, a reflection of the area's rural economy. The price-to-income ratio of 8.1x has deteriorated since 2016 (when it stood at 6.5x), indicating that property has become less affordable for local earners despite below-average prices. Rental affordability has improved slightly: the rent-to-income ratio has fallen from 23.8% in 2016 to 21.7% today, a modest positive shift.
Resident Demographic Profile
The population is notably older than average, with over a quarter aged 50–64 and nearly one-third aged 65 and over, compared with national averages of around 20% each. The under-16 age group is also below average at 13.5%, reflecting an ageing community. Housing tenure is dominated by outright ownership at 57.8%, nearly double the national average, with correspondingly lower rates of mortgage and rental tenure. The employment mix is distinctive for its concentration in skilled trades, which account for 22.4% of the workforce—well above the national figure of 10.5%—reflecting the area's rural and craft-based economy.