At a Glance
Average Property Price - SN3
£307,269
44
National percentile
Average Monthly Rent - SN
£1,080
57
National percentile
Average Net Household Income - SN3
£40,028
58
National percentile
Flat / Maisonette Yield - SN
6.3%
90
National percentile
10-Year Annualised Price Growth - SN3
3.5%
48
National percentile
10-Year Annualised Rent Growth - SN
3.9%
52
National percentile
Property Price & Volume Trends
The latest average property price in SN3 is £307,000, placing it close to the national midpoint. Over the past decade, prices have grown at 3.5% annually—slightly below the national average pace, reflecting steady but unspectacular long-term appreciation. Transaction activity has fallen; the latest year saw 702 sales, compared to a 10-year average of 841, suggesting a softening in market turnover.
Rent & Yield Trends
Average monthly rent in the broader SN area stands at £1,080, positioning it slightly above the national midpoint. Rental growth over ten years has averaged 3.9% annually, broadly in line with national trends. The flat yield currently sits at 6.3%, a notable improvement from its 10-year average of 5.1%, indicating strengthening returns for rental investors in recent years.
Income & Affordability Trends
Average net household income of £40,028 places the area modestly above the national average. The price-to-income ratio of 7.4x has improved slightly since 2016 (when it stood at 7.5x), suggesting modest gains in purchase affordability. Rental affordability has also improved marginally; the rent-to-income ratio has fallen from 25.4% to 25.2%, indicating that housing costs remain stable relative to earnings.
Resident Demographic Profile
The population skews slightly older than average, with those aged 50–64 comprising 20.7% (above the national 19.8%) and over-65s at 19.8% (also above the national 19.6%). The under-25 age group is notably underrepresented, with just 9% aged 16–24 compared to the national 11%. Housing tenure reflects strong owner-occupation; 67.1% own their home outright or with a mortgage, well above the national 60.7%, while private rental is significantly lower at 12.8% versus the national 21.7%. Employment is characterised by a higher proportion in elementary occupations (12.4% vs national 10.2%) and trades, offset by fewer professionals (17.2% vs national 20.5%).