At a Glance
Average Property Price - SK23
£326,198
50
National percentile
Average Monthly Rent - SK
£989
49
National percentile
Average Net Household Income - SK23
£42,933
69
National percentile
Flat / Maisonette Yield - SK
5.1%
25
National percentile
10-Year Annualised Price Growth - SK23
4.3%
76
National percentile
10-Year Annualised Rent Growth - SK
4.6%
85
National percentile
Property Price & Volume Trends
The latest average property price in SK23 is £326,000, broadly in line with the national median. Over the past decade, prices have grown at 4.3% annually, placing the area among the faster-growing markets nationally. Transaction activity has slowed in the latest year, with 249 sales compared to a ten-year average of 327 per year.
Rent & Yield Trends
Average monthly rent across the broader SK postcode area stands at £989, close to the national midpoint. Rental growth over ten years has averaged 4.6% per year, significantly outpacing national trends. The flat yield has improved noticeably to 5.1% in the latest year from a ten-year average of 4.3%, reflecting favourable conditions for rental investors.
Income & Affordability Trends
Average household income in SK23 is £43,000, notably above the national average and placing the area in the upper third nationally. Purchase affordability has deteriorated slightly: the price-to-income ratio now stands at 7.7x, compared to 7.1x in 2016. Rental affordability has also softened, with rent consuming 26.2% of income against 25.1% a decade ago.
Resident Demographic Profile
SK23 has a distinctly older population profile, with over half aged 50 or above (48.7% combined) compared to the national figure of 39.4%. The 16–24 age group is underrepresented at 7.8%, well below the national average of 11%. Ownership is notably strong: 45.3% own outright and a further 30.8% own with mortgage, together accounting for 76.1% of all households against the national norm of 60.7%. Private rented housing is correspondingly scarce at 13.6%. Professionally and managerially employed residents dominate the workforce, with these two groups comprising 34.7% of employment compared to 33.9% nationally.