At a Glance
Average Property Price - SY24
£247,483
27
National percentile
Average Monthly Rent - SY
£754
17
National percentile
Average Net Household Income - SY24
£37,078
44
National percentile
Flat / Maisonette Yield - SY
4.4%
7
National percentile
10-Year Annualised Price Growth - SY24
2.7%
21
National percentile
10-Year Annualised Rent Growth - SY
3.5%
25
National percentile
Property Price & Volume Trends
The average property price in SY24 is £247,000, placing it well below the national average—among the most affordable areas in the UK. Over the past decade, prices have grown at an annualised rate of 2.7%, significantly slower than the national trend. Transaction activity has softened recently: 55 sales were recorded in the latest full year, down from a 10-year average of 63 per year.
Rent & Yield Trends
Monthly rents in the broader SY postcode average £754, substantially below the national average and among the cheapest in the country. Rental growth over the past decade has been modest at 3.5% annually, below the national pace. The flat yield currently stands at 4.4%, a meaningful improvement on the 10-year average of 3.9%, reflecting strengthening returns for landlords.
Income & Affordability Trends
Average household income in SY24 is £37,078, close to the national median. The price-to-income ratio of 6.2x has improved significantly since 2016 (when it stood at 6.9x), making property more affordable relative to earnings. Rental affordability has also improved: the rent-to-income ratio has fallen from 22.7% in 2016 to 22% today.
Resident Demographic Profile
The population skews notably older, with over-50s comprising 47.5% of residents compared to 39.4% nationally; those aged 65+ are particularly overrepresented at 24.3% versus 19.6% nationally. Housing tenure is heavily weighted towards outright ownership at 48.5%, nearly 15 percentage points above the national average, reflecting the area's older demographic and lower price point. The employment mix is distinctive for a relatively high proportion in trades (15.4% versus 10.5% nationally) and caring professions (10.2% versus 9.2%), alongside professional occupations (21.2%) which remain close to national levels.