At a Glance
Average Property Price - ST3
£191,537
10
National percentile
Average Monthly Rent - ST
£772
18
National percentile
Average Net Household Income - ST3
£27,451
4
National percentile
Flat / Maisonette Yield - ST
6.2%
86
National percentile
10-Year Annualised Price Growth - ST3
4.4%
77
National percentile
10-Year Annualised Rent Growth - ST
4.1%
59
National percentile
Property Price & Volume Trends
The average property price in ST3 is £191,537, placing it among the cheapest areas nationally. Over the past decade, prices have grown at 4.4% per annum—notably faster than the UK average. Transaction activity has eased, with 671 sales recorded in the latest full year against a 10-year average of 842 per year.
Rent & Yield Trends
Average monthly rent in the ST postcode area stands at £772, well below the national midpoint. Rents have risen at 4.1% per year over the past decade, tracking close to the national pace. The flat yield has strengthened to 6.2%, up from a 10-year average of 5.2%, reflecting improving returns for landlords.
Income & Affordability Trends
Average net household income of £27,451 is significantly below the national median, placing the district among the lowest-income areas nationally. The price-to-income ratio has deteriorated markedly from 4.9x in 2016 to 6.5x today, indicating reduced purchase affordability despite low prices. Rental affordability has improved: the rent-to-income ratio has edged down from 22.1% to 21.3%, offering modest relief for tenants.
Resident Demographic Profile
The population skews slightly younger, with 21.3% aged under 15 compared to the national 17.5%. Housing tenure shows a notably higher proportion in social rented accommodation at 19.9% versus the national 16.5%, and a lower share of private renters at 15.1%. The employment profile is marked by a strong representation in elementary roles (14.7% versus 10.2% nationally) and trades (11.8% versus 10.5%), while professional and managerial occupations are notably underrepresented.