At a Glance
Average Property Price - SR2
£168,786
6
National percentile
Average Monthly Rent - SR
£676
6
National percentile
Average Net Household Income - SR2
£32,798
17
National percentile
Flat / Maisonette Yield - SR
8.2%
100
National percentile
10-Year Annualised Price Growth - SR2
2.5%
15
National percentile
10-Year Annualised Rent Growth - SR
2.9%
5
National percentile
Property Price & Volume Trends
Properties in SR2 are among the cheapest nationally, with an average price of £169,000. Price growth over the past decade has been notably slow at 2.5% annually, placing it well below the national average. Transaction volumes have softened recently, with 309 sales in the latest year compared to a 10-year average of 434.
Rent & Yield Trends
Rental costs in the SR postcode area are among the lowest nationally at £676 per month. Rent growth has been sluggish at 2.9% annually, ranking below the national trend. However, yields have improved markedly: the current flat yield of 8.2% is substantially higher than the 10-year average of 6.4%, reflecting a tightening rental market relative to property values.
Income & Affordability Trends
Average household income in SR2 is below the national average at £33,000. Purchase affordability remains relatively stable, with a price-to-income ratio of 5.2x unchanged since 2016. Rental affordability has improved noticeably: the rent-to-income ratio has fallen from 23.1% in 2016 to 21.6%, suggesting rents are taking up a smaller share of household earnings.
Resident Demographic Profile
The population skews slightly older than average, with those aged 50–64 representing 21.2% compared to the national figure of 19.8%. Social renting is notably above the national average at 24.3% versus 16.5%, reflecting stronger reliance on public housing. The employment profile shows a higher proportion in sales roles (11.1% against 7.3% nationally) and caring professions (10.9% versus 9.2%), alongside below-average representation in professional and managerial occupations.