At a Glance
Average Property Price - SN2
£250,814
28
National percentile
Average Monthly Rent - SN
£1,080
57
National percentile
Average Net Household Income - SN2
£38,353
51
National percentile
Flat / Maisonette Yield - SN
6.3%
90
National percentile
10-Year Annualised Price Growth - SN2
4.8%
86
National percentile
10-Year Annualised Rent Growth - SN
3.9%
52
National percentile
Property Price & Volume Trends
The latest average property price in SN2 is £251,000, which sits below the national average. The area has experienced strong price growth over the past decade, with annualised growth of 4.8% — among the fastest nationally. However, transaction activity has slowed: 474 sales were recorded in the latest full year, down from an average of 612 annually over the past ten years.
Rent & Yield Trends
Average monthly rent stands at £1,080, which is in line with the national midpoint. Rental growth has been moderate at 3.9% annually over ten years, matching the national pace. The flat yield has strengthened considerably: at 6.3% in the latest year, it has risen from a ten-year average of 5.1%, indicating improved returns for landlords.
Income & Affordability Trends
Average household income is £38,353, precisely at the national median. Purchase affordability has tightened: the price-to-income ratio has risen from 5.8x in 2016 to 6.3x today, suggesting property has become less affordable relative to earnings. Rental affordability has held steady, with the rent-to-income ratio remaining stable at around 25%.
Resident Demographic Profile
The population skews slightly older and more family-oriented than average: the 35–49 age group is notably over-represented at 21%, while the 16–24 age group is below average at 9%. Owner-occupation is strong, with 34.5% owning with a mortgage (above the 27% national average) and private rental accounting for only 17.3%. The employment mix shows a concentration in elementary roles (13.7%) and plant/machine operation (10.4%), while professional occupations are under-represented at 15.5%.