At a Glance
Average Property Price - SP2
£331,008
52
National percentile
Average Monthly Rent - SP
£1,103
60
National percentile
Average Net Household Income - SP2
£42,093
66
National percentile
Flat / Maisonette Yield - SP
5.8%
63
National percentile
10-Year Annualised Price Growth - SP2
2.8%
22
National percentile
10-Year Annualised Rent Growth - SP
3.6%
32
National percentile
Property Price & Volume Trends
The current average property price in SP2 is £331,000, placing it close to the national median—neither notably expensive nor cheap. Over the past decade, the area has experienced annualised price growth of 2.8%, which is below the national average, suggesting a steadier but more modest appreciation trajectory. Transaction activity has declined, with 423 sales in the latest full year compared to a 10-year average of 523 annually, indicating a slight softening in market momentum.
Rent & Yield Trends
The average monthly rent of £1,103 sits above the national mid-point, reflecting above-average rental demand in the broader SP postcode area. Rent growth over the past decade has been 3.6% per annum—below national trends—suggesting rental values have lagged behind faster-appreciating regions. The flat yield has expanded to 5.8%, up from a 10-year average of 4.8%, indicating an improvement in rental returns relative to property prices.
Income & Affordability Trends
Average household income in SP2 is £42,093, placing the area above the national average and reflecting a relatively affluent demographic. The price-to-income ratio has improved meaningfully: at 7.7x it is notably lower than the 2016 level of 8.3x, signalling better purchase affordability over the period. Rental affordability has worsened, however—the rent-to-income ratio has risen from 26.1% to 30.1%—indicating that rental costs now consume a larger share of household income.
Resident Demographic Profile
The population skews older than the national average, with 22.1% aged 65 and over (against 19.6% nationally) and notably fewer young adults aged 16–24 at 7.9% (against 11.0% nationally). The 35–49 and 50–64 age bands are also above average, reflecting a mature, established community. Housing tenure is broadly in line with national patterns, though shared ownership at 1.9% is slightly elevated. Employment is dominated by caring professions at 10.1%—well above the national average of 9.2%—and administrative roles at 10.7%, while plant and machinery work is notably underrepresented at 5.6% against 6.6% nationally.