At a Glance
Average Property Price - SS16
£383,176
63
National percentile
Average Monthly Rent - SS
£1,301
70
National percentile
Average Net Household Income - SS16
£43,792
72
National percentile
Flat / Maisonette Yield - SS
5.6%
49
National percentile
10-Year Annualised Price Growth - SS16
5.7%
95
National percentile
10-Year Annualised Rent Growth - SS
3.9%
53
National percentile
Property Price & Volume Trends
The latest average property price in SS16 stands at £383,000, placing it above the national midpoint. Over the past decade, the area has recorded annualised price growth of 5.7%, significantly outpacing the national average and ranking among the fastest-growing districts nationally. Transaction activity has eased recently, with 343 sales recorded in the latest full year compared to a 10-year average of 418, representing a modest decline in turnover.
Rent & Yield Trends
Average monthly rents in the broader SS postcode area stand at £1,301, positioning the area above the national average. Ten-year rental growth has averaged 3.9% annually, broadly in line with national trends. The flat yield currently stands at 5.6%, notably above its 10-year average of 4.9%, reflecting an improving environment for rental investors in recent periods.
Income & Affordability Trends
Average net household income in SS16 is £43,792, placing it above the national average. The price-to-income ratio has widened to 8.6x from 7.3x in 2016, signalling that home affordability has become noticeably more stretched over the past eight years. Rental affordability has similarly deteriorated, with the rent-to-income ratio rising from 30.9% to 34.3%, indicating that rent now claims a larger share of household income.
Resident Demographic Profile
The area has a notably higher proportion of children under 15 at 20.4%, compared to the national average of 17.5%, suggesting a family-oriented population. Mortgage-financed home ownership is above average at 32.7%, whilst outright ownership is below average at 26.6%, reflecting a younger demographic profile. Social rented housing accounts for 21.2% of the tenure mix, well above the national average of 16.5%, indicating a significant presence of council and housing association properties.