At a Glance
Average Property Price - SR1
£59,019
0
National percentile
Average Monthly Rent - SR
£676
6
National percentile
Average Net Household Income - SR1
£27,473
4
National percentile
Flat / Maisonette Yield - SR
8.2%
100
National percentile
10-Year Annualised Price Growth - SR1
-1.0%
2
National percentile
10-Year Annualised Rent Growth - SR
2.9%
5
National percentile
Property Price & Volume Trends
The average property price in SR1 is £59,000, among the cheapest nationally. Over the past decade, prices have declined at an annualised rate of 1.0%, significantly below the national trend of price growth. Transaction activity has fallen sharply: only 24 properties changed hands in the latest full year, less than half the 10-year average of 49 annual sales.
Rent & Yield Trends
Average monthly rent in the broader SR area stands at £676, well below the national average. Rents have grown at 2.9% per year over ten years, also slower than the national pace. The rental yield on flats has improved notably, now at 8.2% compared to a 10-year average of 6.4%, reflecting the more attractive income returns available in this market.
Income & Affordability Trends
Average household income in SR1 is £27,473, substantially below the national average and among the lowest nationally. Purchase affordability has deteriorated: the price-to-income ratio has risen from 2.6x in 2016 to 3.0x today, meaning properties now command higher multiples of local earnings. Rental affordability has improved over the same period, with the rent-to-income ratio falling from 23.1% to 21.6%, easing the burden on renters.
Resident Demographic Profile
The population is notably younger than the national average, with 19.3% aged 16–24 (compared to 11.0% nationally), likely reflecting the student population. Housing tenure is highly distinctive: only 17.1% own outright and 15.6% own with a mortgage, while 36.2% rent privately and 30.7% live in social rented housing—both figures far above national norms. Employment is skewed towards elementary roles (14.4% vs 10.2% nationally), caring roles (12.0% vs 9.2%), and sales (13.5% vs 7.3%), with notably fewer managers (7.4% vs 13.4%) than the national average.