At a Glance
Average Property Price - SN12
£323,770
49
National percentile
Average Monthly Rent - SN
£1,080
57
National percentile
Average Net Household Income - SN12
£40,982
62
National percentile
Flat / Maisonette Yield - SN
6.3%
90
National percentile
10-Year Annualised Price Growth - SN12
3.8%
60
National percentile
10-Year Annualised Rent Growth - SN
3.9%
52
National percentile
Property Price & Volume Trends
The latest average property price of £324,000 sits close to the national midpoint, placing it among moderate markets nationally. Over the past decade, prices have grown at 3.8% annually, slightly faster than the national average. Transaction activity has softened, with 450 sales in the latest year compared to a ten-year average of 506.
Rent & Yield Trends
Average monthly rent of £1,080 sits slightly above the national median. Rental growth over ten years has been 3.9% annually, broadly in line with the UK rate. The flat yield currently stands at 6.3%, a meaningful improvement from the ten-year average of 5.1%, reflecting stronger income on capital invested.
Income & Affordability Trends
Household incomes average £40,982, placing the area above the national typical level. Purchase affordability has tightened: the price-to-income ratio now stands at 7.8x, up from 6.9x in 2016, signalling that property has become less affordable relative to earnings. Rental affordability has remained stable, with rent-to-income at 25.2% versus 25.4% in 2016.
Resident Demographic Profile
The population is notably older than the national average, with those aged 65+ comprising 22.8% compared to 19.6% nationally, and the 50–64 age group at 21.3% against 19.8%. The housing tenure profile is weighted towards ownership, with 38.8% owning outright and 33.5% with mortgages, while private rental is well below average at just 12.4%. The employment mix is marked by a higher proportion of skilled trades (12.9%) and lower share of professionals (16.4%) than the national norm.