At a Glance
Average Property Price - SY23
£235,017
23
National percentile
Average Monthly Rent - SY
£754
17
National percentile
Average Net Household Income - SY23
£34,103
26
National percentile
Flat / Maisonette Yield - SY
4.4%
7
National percentile
10-Year Annualised Price Growth - SY23
2.3%
14
National percentile
10-Year Annualised Rent Growth - SY
3.5%
25
National percentile
Property Price & Volume Trends
The average property price in SY23 is £235,000, placing it well below the national average. Over the past decade, prices have grown by 2.3% annually—notably slower than the national trend. Transaction activity has softened recently, with 245 sales in the latest full year compared to a 10-year average of 337, suggesting a gradual decline in market momentum.
Rent & Yield Trends
Average monthly rent stands at £754, significantly below the national average. Rental growth over the past decade has been modest at 3.5% per year, lagging the national pace. The rental yield has improved to 4.4% in the latest period from a 10-year average of 3.9%, indicating a slight positive shift for buy-to-let investors.
Income & Affordability Trends
Net household income averages £34,103, below the national median. The price-to-income ratio of 7.2x has deteriorated slightly since 2016 (when it stood at 6.8x), reflecting slower wage growth relative to house prices. Rental affordability has marginally improved, with rent-to-income now at 22% compared to 22.7% in 2016.
Resident Demographic Profile
The age profile is distinctly skewed towards younger adults and older residents: 24% of the population is aged 16–24 (more than double the national average), while those aged 65+ account for 21% (above the national figure of 19.6%). The under-15s are underrepresented at 13%. Housing tenure shows notably high outright ownership at 43% and elevated private renting at 27%. The employment mix is weighted towards trades at 16% (well above the national 10.5%) and caring roles at 10%, with proportionally fewer managers and administrative workers.