At a Glance
Average Property Price - TN23
£314,840
47
National percentile
Average Monthly Rent - TN
£1,342
71
National percentile
Average Net Household Income - TN23
£37,330
46
National percentile
Flat / Maisonette Yield - TN
5.4%
42
National percentile
10-Year Annualised Price Growth - TN23
3.8%
61
National percentile
10-Year Annualised Rent Growth - TN
4.2%
69
National percentile
Property Price & Volume Trends
The latest average property price in TN23 is £315,000, roughly in line with the national average. Over the past decade, prices have grown at 3.8% annually—a below-average rate of growth compared to the rest of the UK. Transaction activity has softened; the postcode saw 554 sales last year, down from a 10-year average of 727 per year.
Rent & Yield Trends
Average monthly rent in the wider TN area stands at £1,342, placing it among the more expensive rental markets nationally. Rents have grown at 4.2% per year over the past decade, which is above the national average trajectory. The flat yield has risen to 5.4%, up from a 10-year average of 4.6%, reflecting improved rental returns for investors in this market.
Income & Affordability Trends
Average net household income in TN23 is £37,330, slightly below the national mid-point. The price-to-income ratio has deteriorated markedly: it now stands at 8.9x, up from 6.7x in 2016, meaning homes have become significantly less affordable relative to earnings. Rental affordability has also worsened; the rent-to-income ratio has climbed from 28% to 32%, indicating higher relative housing costs for renters.
Resident Demographic Profile
The area has a notably younger demographic profile than the national average, with over one in five residents under 15 and a higher share of families in the 25–34 age bracket. Ownership outright is considerably lower than the national norm at 22%, while private renting is significantly above average at 26%—reflecting the younger, more mobile population. The employment mix skews away from professional and managerial roles; elementary and caring occupations are overrepresented, and there is a notably higher proportion of plant and machine operators.