At a Glance
Average Property Price - SE24
£867,990
97
National percentile
Average Monthly Rent - SE
£2,081
92
National percentile
Average Net Household Income - SE24
£58,267
97
National percentile
Flat / Maisonette Yield - SE
4.9%
20
National percentile
10-Year Annualised Price Growth - SE24
2.0%
9
National percentile
10-Year Annualised Rent Growth - SE
3.6%
31
National percentile
Property Price & Volume Trends
SE24 is among the most expensive postcodes nationally, with an average price of £868,000. However, it has seen only modest growth over the past decade, with annualised increases of 2.0%—significantly below the national average. Transaction activity has declined, with 175 sales in the latest year compared to a 10-year average of 219, suggesting a softening market.
Rent & Yield Trends
Monthly rents in the broader SE area average £2,081, placing it among the most expensive rental markets nationally. Rent growth over the past decade has been modest at 3.6% annually, below the national pace. The current flat yield of 4.9% is noticeably higher than its 10-year average of 3.8%, indicating improving returns for landlords in the recent period.
Income & Affordability Trends
Household incomes here are exceptionally high, among the strongest nationally at an average of £58,267. Purchase affordability has improved materially since 2016; the price-to-income ratio has fallen from 18.8x to 16.1x, easing the burden on buyers despite elevated prices. Rental affordability has also strengthened, with the rent-to-income ratio declining from 46.6% to 42.7%, making renting somewhat less stretched for tenants.
Resident Demographic Profile
The area has a notably higher concentration of young adults aged 25–34 (24.1% vs 13.4% nationally), reflecting its appeal to young professionals and families. Social renting is markedly above average at 34.5% against a national 16.5%, whilst outright ownership is considerably lower at 14.6% versus 33.7%, indicating greater tenure diversity. The workforce is heavily skewed towards professional occupations (33.5% vs 20.5% nationally) and technical roles (19.8% vs 13.2%), with very few in trades (4.3% vs 10.5%).