At a Glance
Average Property Price - TN34
£311,435
45
National percentile
Average Monthly Rent - TN
£1,342
71
National percentile
Average Net Household Income - TN34
£33,818
24
National percentile
Flat / Maisonette Yield - TN
5.4%
42
National percentile
10-Year Annualised Price Growth - TN34
4.7%
83
National percentile
10-Year Annualised Rent Growth - TN
4.2%
69
National percentile
Property Price & Volume Trends
The average property price in TN34 stands at £311,000, close to the national midpoint. Over the past decade, the area has experienced above-average price growth of 4.7% annually, placing it among the stronger performers nationally. However, transaction activity has softened: 410 sales were recorded in the latest year, down from a 10-year average of 566 per annum.
Rent & Yield Trends
Average monthly rents of £1,342 sit well above the national norm, reflecting the area's appeal to the rental market. Rental growth has kept pace with the country overall at 4.2% per year. Yields have strengthened meaningfully, rising to 5.4% in the latest year from a 10-year average of 4.6%, signalling improved returns for buy-to-let investors.
Income & Affordability Trends
Average household incomes of £33,818 fall below the national average, placing the area among lower-income districts. Affordability has deteriorated: the price-to-income ratio has risen from 7.9x in 2016 to 8.9x today, making property purchase increasingly stretched for local earners. Rental affordability has also worsened, with rent consuming 31.9% of household income compared to 28% in 2016.
Resident Demographic Profile
The population skews older than the national average, with those aged 50–64 representing 22.2% (against 19.8% nationally) and the 65+ group accounting for 20.4% (vs 19.6% nationally). The rental sector is exceptionally strong at 36.1% of housing stock—significantly above the 21.7% national figure—while mortgage ownership at 21.7% sits well below the 27% average. The caring professions are notably overrepresented at 13.2% of employment, compared to 9.2% nationally.