At a Glance
Average Property Price - SK16
£219,840
18
National percentile
Average Monthly Rent - SK
£989
49
National percentile
Average Net Household Income - SK16
£30,718
10
National percentile
Flat / Maisonette Yield - SK
5.1%
25
National percentile
10-Year Annualised Price Growth - SK16
5.6%
94
National percentile
10-Year Annualised Rent Growth - SK
4.6%
85
National percentile
Property Price & Volume Trends
The latest average property price in SK16 is £220,000, placing it well below the national average—among the most affordable districts nationally. However, the area has experienced strong price growth over the past decade, with annualised gains of 5.6%, outpacing the vast majority of UK postcodes. Transaction activity has moderated recently, with 177 sales in the latest year compared to a 10-year average of 229, suggesting a slowdown in market pace.
Rent & Yield Trends
Average monthly rent across the SK postcode area stands at £989, close to the national mid-point. Rents have grown substantially over the past decade at 4.6% annualised, well above the typical UK rate. The rental yield has improved steadily, now sitting at 5.1% compared to a 10-year average of 4.3%, reflecting stronger returns for buy-to-let investors.
Income & Affordability Trends
Average household income in SK16 is £31,000, well below the national average and among the lowest across UK postcodes. This squeeze is evident in affordability: the price-to-income ratio has risen sharply to 7.2x from 4.8x in 2016, making properties harder for local earners to access. Rental affordability has also tightened slightly, with rent-to-income rising from 25.1% to 26.2% over the same period, putting rental costs under modest upward pressure.
Resident Demographic Profile
The age profile is broadly balanced, though there are slightly more children (under 15 at 19.5%) than the national average. Housing tenure shows notably higher social renting than national norms—26.3% of households are socially rented, well above the 16.5% average—and correspondingly lower owner-occupation with a mortgage. The employment mix is distinctive, with notably fewer professionals (13.2% vs 20.5% nationally) and fewer managers (9.3% vs 13.4%), but stronger representation in trades, caring roles, elementary work, and plant/machine operations, reflecting a more working-class economic base.