At a Glance
Average Property Price - SK3
£281,594
37
National percentile
Average Monthly Rent - SK
£989
49
National percentile
Average Net Household Income - SK3
£33,403
22
National percentile
Flat / Maisonette Yield - SK
5.1%
25
National percentile
10-Year Annualised Price Growth - SK3
6.7%
99
National percentile
10-Year Annualised Rent Growth - SK
4.6%
85
National percentile
Property Price & Volume Trends
The latest average property price in SK3 is £282,000, below the national average. Over the past decade, prices have grown at 6.7% annually—among the fastest growth rates nationally. Transaction volumes have slowed in recent years, with 354 sales in the latest full year compared to a 10-year average of 450 per annum.
Rent & Yield Trends
Average monthly rent is £989, close to the national median. Rents have grown at 4.6% per year over ten years, which is above the national average. The current flat yield of 5.1% exceeds the 10-year average of 4.3%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Average net household income is £33,403, below the national average. The price-to-income ratio of 7.5x has worsened since 2016 (when it stood at 6.4x), reflecting reduced purchase affordability. The rent-to-income ratio of 26.2% has also deteriorated from 25.1% in 2016, indicating increased pressure on rental budgets.
Resident Demographic Profile
SK3 has a notably strong family profile: the 35–49 age group comprises 22% of the population, well above the national average of 18.7%, whilst young adults aged 16–24 are underrepresented at 8.9% compared to 11.0% nationally. The housing tenure is distinctive for above-average owner-occupation with a mortgage (32.4% against 27.0% nationally) and elevated social renting (19.7% against 16.5% nationally), reflecting mixed-income neighbourhoods. The professional workforce is slightly elevated at 21.9% against 20.5% nationally, whilst the caring sector is notably overrepresented at 10.8% against 9.2% nationally.