At a Glance
Average Property Price - TA23
£310,048
45
National percentile
Average Monthly Rent - TA
£945
40
National percentile
Average Net Household Income - TA23
£32,954
19
National percentile
Flat / Maisonette Yield - TA
6.0%
72
National percentile
10-Year Annualised Price Growth - TA23
4.5%
81
National percentile
10-Year Annualised Rent Growth - TA
3.5%
23
National percentile
Property Price & Volume Trends
The average property price in TA23 stands at £310,000, close to the national midpoint. However, the area has experienced notably strong price growth over the past decade, with annualised gains of 4.5% — well above the typical UK trajectory. Transaction activity has cooled recently, with 75 sales in the latest year compared to a 10-year average of 100, suggesting a tightening market.
Rent & Yield Trends
Monthly rents average £945, slightly below the national norm. Rental growth has been modest at 3.5% annually over the past decade, well below the national average, indicating relatively stable but unspectacular tenant demand. The current gross yield of 6.0% exceeds the 10-year average of 5.3%, reflecting improved returns for landlords in recent years despite slower rent inflation.
Income & Affordability Trends
Average household income in TA23 is £32,954, significantly below the national average, placing the area among the lower-earning regions. Purchase affordability has deteriorated: the price-to-income ratio has risen to 8.7x from 7.4x in 2016, making home ownership increasingly stretched for local earners. Rental affordability has also worsened slightly, with rent now consuming 27.1% of income compared to 26.5% seven years ago.
Resident Demographic Profile
TA23 has a distinctly older population profile: over one-third of residents are aged 65 and above — nearly double the national proportion — while those aged 16–24 are substantially underrepresented at 6.5%. Housing tenure is dominated by outright ownership at 46.6%, well above the national average, reflecting the area's retiree base. Employment is skewed towards trades (16.5%) and caring professions (13.7%), both notably above national figures, while professional-level roles are underrepresented.