At a Glance
Average Property Price - TA7
£405,063
68
National percentile
Average Monthly Rent - TA
£945
40
National percentile
Average Net Household Income - TA7
£39,035
54
National percentile
Flat / Maisonette Yield - TA
6.0%
72
National percentile
10-Year Annualised Price Growth - TA7
5.4%
93
National percentile
10-Year Annualised Rent Growth - TA
3.5%
23
National percentile
Property Price & Volume Trends
The average property price of £405,000 sits among the more expensive areas nationally. However, the district has experienced notably strong price growth over the past decade, with annualised growth of 5.4% — among the fastest in the country. Transaction activity has cooled recently, with 161 sales last year compared to a 10-year average of 230, suggesting a tightening market.
Rent & Yield Trends
Average monthly rent of £945 sits below the national average, reflecting the area's relative affordability for tenants. Rental growth has been modest at 3.5% annually over ten years, lagging behind national trends. The flat yield of 6.0% is currently above its 10-year average of 5.3%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Household income at £39,035 is broadly in line with the national average. The price-to-income ratio has moved upward from 8.1x in 2016 to 8.9x today, indicating that purchasing has become slightly less affordable relative to earnings. Rental affordability has also tightened slightly, with rent-to-income rising from 26.5% to 27.1%, though it remains manageable.
Resident Demographic Profile
The population is notably older than average, with over-50s comprising nearly half the population and pensioners alone making up 27.1% — well above the national figure of 19.6%. Housing tenure is heavily weighted towards outright ownership at 47.4%, far exceeding the national norm of 33.7%, with private rental notably low at 12.8%. Employment is skewed towards skilled trades at 14.4% and trades-related roles are proportionally over-represented, while professional occupations are slightly underrepresented compared to national levels.