At a Glance
Average Property Price - TN29
£318,762
48
National percentile
Average Monthly Rent - TN
£1,342
71
National percentile
Average Net Household Income - TN29
£35,447
34
National percentile
Flat / Maisonette Yield - TN
5.4%
42
National percentile
10-Year Annualised Price Growth - TN29
3.5%
47
National percentile
10-Year Annualised Rent Growth - TN
4.2%
69
National percentile
Property Price & Volume Trends
The average property price in TN29 is £319,000, broadly in line with the national median. Over the past decade, prices have grown at an annualised rate of 3.5%, slightly below the national average. Transaction volumes have eased modestly, with 187 sales in the latest full year compared to a 10-year average of 200 per year.
Rent & Yield Trends
Average monthly rent in the broader TN area is £1,342, placing it among the more expensive rental markets nationally. Rents have expanded at 4.2% per year over the past decade, ahead of the national pace. The flat yield currently stands at 5.4%, a noticeable rise from the 10-year average of 4.6%, signalling improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income here is £35,447, below the national average. The price-to-income ratio has deteriorated significantly, rising from 7.8x in 2016 to 10.0x today, reflecting faster property price growth than income gains. Rental affordability has also tightened, with the rent-to-income ratio climbing from 28% to 31.9% over the same period, indicating increased strain on renters' budgets.
Resident Demographic Profile
TN29 has a markedly older population: those aged 65 and above represent 31% of residents, nearly one-and-a-half times the national average, whilst those under 25 are significantly underrepresented at just 7.6%. Nearly half of all homes are owned outright (49.9%), well above the national norm of 33.7%. The employment profile is weighted towards trades (15.4%) and caring professions (12.7%), reflecting both the town's character and its appeal to an ageing demographic.