At a Glance
Average Property Price - TA16
£272,425
34
National percentile
Average Monthly Rent - TA
£945
40
National percentile
Average Net Household Income - TA16
£36,772
42
National percentile
Flat / Maisonette Yield - TA
6.0%
72
National percentile
10-Year Annualised Price Growth - TA16
1.0%
3
National percentile
10-Year Annualised Rent Growth - TA
3.5%
23
National percentile
Property Price & Volume Trends
The average property price in TA16 is £272,000, placing it below the national average. Annual price growth over the past decade has averaged 1.0%, among the slowest nationally. Transaction activity has slowed noticeably, with 20 sales in the latest full year compared to an average of 37 annually over the preceding ten years.
Rent & Yield Trends
Average monthly rent stands at £945, slightly below the national midpoint. Rent growth over ten years has averaged 3.5%, below the national pace. Rental yield has improved, reaching 6.0% in the latest full year from a ten-year average of 5.3%, reflecting stronger returns for buy-to-let investors.
Income & Affordability Trends
Average net household income is £36,772, modestly below the national average. Purchase affordability has deteriorated: the price-to-income ratio has risen from 7.6x in 2016 to 8.8x today, indicating that property is taking longer to pay for relative to earnings. Rental affordability has also edged worse, with rent now consuming 27.1% of income compared to 26.5% in 2016.
Resident Demographic Profile
TA16 has a notably older population: those aged 50–64 represent 23.9% of residents (versus 19.8% nationally) and those aged 65 and over make up 30% (compared to 19.6% nationally). Younger age groups are underrepresented, particularly those aged 16–24 (7.7% versus 11.0% nationally) and 25–34 (8.2% versus 13.4% nationally). The housing stock reflects this age profile, with 47.1% of properties owned outright—well above the national figure of 33.7%. Employment is characterised by a higher concentration in trades at 15.1% versus 10.5% nationally, reflecting the rural and agricultural nature of the area.