At a Glance
Average Property Price - SP3
£488,011
79
National percentile
Average Monthly Rent - SP
£1,103
60
National percentile
Average Net Household Income - SP3
£43,415
71
National percentile
Flat / Maisonette Yield - SP
5.8%
63
National percentile
10-Year Annualised Price Growth - SP3
2.9%
25
National percentile
10-Year Annualised Rent Growth - SP
3.6%
32
National percentile
Property Price & Volume Trends
The latest average property price in SP3 is £488,000, placing it among the most expensive districts nationally. Over the past decade, prices have grown at 2.9% per year—a rate notably slower than the national average. Transaction activity has softened: 116 sales were recorded in the latest full year, down from a 10-year average of 157 per year.
Rent & Yield Trends
Average monthly rent across the broader SP postcode area stands at £1,103, slightly above the national median. Rental growth over ten years has averaged 3.6% annually, which is below the national pace. The flat yield has recovered to 5.8%, up from a 10-year average of 4.8%, reflecting improved rental returns relative to property values.
Income & Affordability Trends
Average net household income in SP3 is £43,415, which is above the national average. The price-to-income ratio of 12.7x has deteriorated significantly since 2016 (when it stood at 10.3x), indicating that properties have become less affordable relative to earnings. Rental affordability has also weakened: the rent-to-income ratio has risen to 30.1% from 26.1% in 2016, meaning tenants now spend a larger share of household income on rent.
Resident Demographic Profile
SP3 has a notably older population profile. Those aged 65 and over represent 24.6%—well above the national average of 19.6%—whilst the 16–24 age group is significantly underrepresented at 7.9% compared to 11.0% nationally. Housing tenure is skewed towards outright ownership: 38.5% own their homes outright, compared to the national average of 33.7%, whilst private rental is slightly elevated at 24.2%. The employment mix shows particular strength in technical and managerial roles—17.9% and 16.4% respectively—both above national norms, with corresponding weakness in elementary occupations and plant/machine work.