At a Glance
Average Property Price - TN24
£340,212
54
National percentile
Average Monthly Rent - TN
£1,342
71
National percentile
Average Net Household Income - TN24
£34,754
30
National percentile
Flat / Maisonette Yield - TN
5.4%
42
National percentile
10-Year Annualised Price Growth - TN24
4.3%
76
National percentile
10-Year Annualised Rent Growth - TN
4.2%
69
National percentile
Property Price & Volume Trends
The average property price in TN24 stands at £340,212, close to the national median. Over the past decade, the area has experienced annualised price growth of 4.3%, significantly above the national average and placing it among the better-performing districts nationally. Transaction activity has eased in the latest year, with 413 sales recorded compared to a 10-year average of 535 per year.
Rent & Yield Trends
Average monthly rents in the broader TN postcode area stand at £1,342, well above the national average and among the highest nationally. Rental growth over the past decade has been steady at 4.2% per year, tracking slightly above national trends. Flat yields have strengthened, currently at 5.4% compared to a 10-year average of 4.6%, suggesting rental income has improved relative to capital values in recent times.
Income & Affordability Trends
Average household income in TN24 is £34,754, notably below the national average. Purchase affordability has deteriorated substantially: the price-to-income ratio has risen from 6.3x in 2016 to 9.7x today, reflecting house price growth outpacing local income gains. Rental affordability has also worsened, with rent absorbing 31.9% of income compared to 28% in 2016, placing housing costs under meaningful pressure for renters.
Resident Demographic Profile
The area has a notably higher proportion of children under 15 (19.8% versus the national 17.5%) and a higher share of 25–34 year-olds (15.2% versus 13.4%), suggesting appeal to younger families. Housing is more evenly split between outright ownership and mortgage-backed ownership than the national average, with private renting slightly elevated at 23.4%. The employment profile is broadly balanced with no major departures from national norms, though managers are slightly underrepresented relative to the national average.