Property trends for SY14

    SY14 covers parts of mid-Wales, situated in Shropshire's rural and semi-rural areas. It is a mature, established community with a strong owner-occupier base and a notably older population profile.

    At a Glance

    Average Property Price - SY14

    £443,607

    74

    National percentile

    Average Monthly Rent - SY

    £754

    17

    National percentile

    Average Net Household Income - SY14

    £39,872

    58

    National percentile

    Flat / Maisonette Yield - SY

    4.4%

    7

    National percentile

    10-Year Annualised Price Growth - SY14

    2.6%

    17

    National percentile

    10-Year Annualised Rent Growth - SY

    3.5%

    25

    National percentile

    Property Price & Volume Trends

    The average property price in SY14 stands at £444,000, placing it among the more expensive areas nationally. However, the area has experienced slower-than-average growth over the past decade, with prices rising at just 2.6% per year—well below the national rate. Transaction activity has softened, with 79 sales recorded in the latest full year against a 10-year average of 110 per year.

    Rent & Yield Trends

    Rental costs in the broader SY postcode area are significantly below the national average at £754 per month, reflecting its rural character. Rent growth has been modest at 3.5% annually over the past decade, also below the national pace. The flat yield currently stands at 4.4%, an improvement on its 10-year average of 3.9%, indicating modest strengthening of rental returns.

    Income & Affordability Trends

    Average household income in SY14 is close to the national midpoint at £39,872. The price-to-income ratio of 11.6x has deteriorated since 2016 (when it stood at 10.5x), signalling that property affordability has worsened for local buyers. Rental affordability has improved slightly; the rent-to-income ratio has fallen from 22.7% in 2016 to 22% today.

    Resident Demographic Profile

    The area has a distinctly older population profile: over a quarter (25.5%) are aged 65 and over, compared to just 19.6% nationally, while those aged 16–24 represent only 7.7%—well below the national average of 11%. Owner-occupation is strong, with 43.2% owning outright (significantly above the 33.7% national figure) and a correspondingly lower private rental share of 14.8%. The workforce is heavily skewed towards managers (19.7%, well above the national 13.4%) and professionals (21%), with notably fewer in sales and elementary roles.

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