At a Glance
Average Property Price - SR3
£194,126
10
National percentile
Average Monthly Rent - SR
£676
6
National percentile
Average Net Household Income - SR3
£33,269
21
National percentile
Flat / Maisonette Yield - SR
8.2%
100
National percentile
10-Year Annualised Price Growth - SR3
3.5%
46
National percentile
10-Year Annualised Rent Growth - SR
2.9%
5
National percentile
Property Price & Volume Trends
The latest average property price in SR3 is £194,000, placing it among the cheapest nationally. Over ten years, prices have grown at 3.5% annually—roughly in line with the national average. Transaction volumes have declined: 359 sales were recorded in the latest full year, compared with a ten-year average of 474.
Rent & Yield Trends
Average monthly rents in the broader SR postcode area stand at £676, among the lowest in the country. Rental growth over the past decade has been particularly weak at 2.9% annually, well below the national average. The flat yield has improved notably, reaching 8.2% in the latest full year versus a ten-year average of 6.4%, reflecting the combination of low prices and rising rental demand.
Income & Affordability Trends
Average net household income is £33,269, materially below the national average. The price-to-income ratio of 6.3x has deteriorated since 2016, when it stood at 5.1x, indicating that housing has become less affordable relative to local earnings. Rental affordability has improved slightly: the rent-to-income ratio has eased to 21.6% from 23.1% in 2016.
Resident Demographic Profile
The population is notably older than average, with over a fifth aged 65 and above and a further 22% aged 50–64, compared with national proportions of 19.6% and 19.8% respectively. Social renting is particularly prevalent at nearly 30% of all households—nearly double the national average of 16.5%. Employment is skewed towards caring roles (10.9% against a national 9.2%) and sales occupations (12.3% versus 7.3%), while professional occupations are underrepresented at 15.2% compared with 20.5% nationally.