At a Glance
Average Property Price - SE23
£596,651
89
National percentile
Average Monthly Rent - SE
£2,081
92
National percentile
Average Net Household Income - SE23
£53,540
94
National percentile
Flat / Maisonette Yield - SE
4.9%
20
National percentile
10-Year Annualised Price Growth - SE23
2.6%
17
National percentile
10-Year Annualised Rent Growth - SE
3.6%
31
National percentile
Property Price & Volume Trends
The average property price of £597,000 places SE23 among the most expensive postcodes nationally. Over the past decade, prices have grown at 2.6% per year, which is well below the national average pace of appreciation. Transaction activity has softened recently, with 399 sales in the latest year compared to a 10-year average of 480 per annum.
Rent & Yield Trends
Monthly rents in the broader SE postcode area average £2,081, positioning it among the highest-rent areas in the country. Rental growth over the past decade has been modest at 3.6% per year, below the national trend. The current flat yield of 4.9% is notably higher than the 10-year average of 3.8%, suggesting improved rental returns in the latest period.
Income & Affordability Trends
Average household income of £53,540 is well above the national level. The price-to-income ratio of 10.3x has improved considerably since 2016, when it stood at 12.6x, reflecting better purchase affordability over time. Rental affordability has also strengthened, with the rent-to-income ratio falling from 46.6% to 42.7% in the same period.
Resident Demographic Profile
The area has a notably older population profile than England as a whole, with 25.7% aged 35–49 (compared to 18.7% nationally) and only 8.1% aged 16–24 (versus 11.0%). Outright home ownership is considerably lower at 18.5% against the national average of 33.7%, whilst social rented tenure is markedly higher at 23.9% compared to 16.5% nationally. The workforce is heavily skewed towards professional and technical roles, which together account for nearly 50% of employment, well above the national combined share of 33.7%.