At a Glance
Average Property Price - TF3
£206,305
14
National percentile
Average Monthly Rent - TF
£830
23
National percentile
Average Net Household Income - TF3
£23,209
2
National percentile
Flat / Maisonette Yield - TF
6.3%
92
National percentile
10-Year Annualised Price Growth - TF3
4.6%
82
National percentile
10-Year Annualised Rent Growth - TF
3.6%
38
National percentile
Property Price & Volume Trends
The latest average property price in TF3 is £206,000, placing it well below the national average—among the cheapest quarters of the country. Despite this low price level, the postcode has experienced notably strong growth over the past decade, with annualised appreciation of 4.6%, which ranks among the fastest-growing areas nationally. Transaction activity has softened considerably in recent years: only 213 sales occurred in the latest full year, down from a 10-year average of 345 annually, reflecting reduced market momentum.
Rent & Yield Trends
The broader TF postcode area commands an average monthly rent of £830, below the national average. Rental growth has been modest at 3.6% annually over ten years, slightly below the national pace. The flat yield currently stands at 6.3%, up from a 10-year average of 6.0%, indicating a slight improvement in rental returns as a proportion of property value.
Income & Affordability Trends
Average household income in TF3 is £23,209, placing it among the lowest nationally. This income constraint has significantly impacted affordability: the price-to-income ratio now stands at 8.7x, a substantial deterioration from 5.0x in 2016, meaning purchasing power has eroded considerably relative to local incomes. Rental affordability has remained broadly stable, with the rent-to-income ratio at 23.9% compared to 23% in 2016, indicating rents have kept pace with modest local wage growth.
Resident Demographic Profile
The population skews notably younger than the national average, with 21% aged under 15 compared to the national 17.5%. Housing tenure is distinctive: the private rented sector accounts for 28.2% of homes—well above the national 21.7%—while outright ownership is below average at 26.1%, reflecting the area's younger demographic profile. The employment mix is heavily skewed towards manual work: plant and machine operatives represent 14.7% of the workforce (more than double the national 6.6%), elementary occupations account for 16.8% (well above the national 10.2%), and caring roles are elevated at 11.4% compared to 9.2% nationally. Professional occupations are notably underrepresented at 12.8% against the national 20.5%.