At a Glance
Average Property Price - SK1
£230,464
21
National percentile
Average Monthly Rent - SK
£989
49
National percentile
Average Net Household Income - SK1
£28,424
5
National percentile
Flat / Maisonette Yield - SK
5.1%
25
National percentile
10-Year Annualised Price Growth - SK1
7.8%
100
National percentile
10-Year Annualised Rent Growth - SK
4.6%
85
National percentile
Property Price & Volume Trends
The latest average property price in SK1 is £230,000, placing it well below the national average and among the more affordable postcode districts in England. Over the past decade, prices have grown at 7.8% annually — significantly faster than most of the country, with growth among the very strongest nationally. Transaction numbers have slowed recently, with 161 sales in the latest year compared to an average of 212 over the previous ten years.
Rent & Yield Trends
Average monthly rent stands at £989, close to the national middle ground. Over ten years, rents have grown at 4.6% annually, which is well above the typical pace for England. The flat yield has improved to 5.1% in the latest year, up from a ten-year average of 4.3%, reflecting increasingly attractive returns for rental investors.
Income & Affordability Trends
Average net household income is £28,424, significantly below the national average and among the lowest across UK postcode districts. The price-to-income ratio has widened to 6.4x from 5.5x in 2016, meaning properties have become less affordable relative to local earnings. Rental affordability has also tightened, with rent now consuming 26.2% of household income compared to 25.1% six years ago.
Resident Demographic Profile
The population skews notably younger, with a higher proportion of under-15s (19% against the national 17.5%) and a markedly higher share of 25–34-year-olds (18.8% vs 13.4% nationally). Conversely, those aged 65 and over are underrepresented at 13.3% against 19.6% nationally. Social rented housing dominates the tenure mix at 34.1%, roughly double the national average, while owner-occupation is substantially lower. Private renting is above average at 26.3%. The employment profile is heavily weighted towards elementary occupations (12.2% vs 10.2% nationally) and caring roles (10.9% vs 9.2%), whilst professional and managerial roles are notably underrepresented.