At a Glance
Average Property Price - TN40
£267,358
33
National percentile
Average Monthly Rent - TN
£1,342
71
National percentile
Average Net Household Income - TN40
£33,176
20
National percentile
Flat / Maisonette Yield - TN
5.4%
42
National percentile
10-Year Annualised Price Growth - TN40
4.0%
67
National percentile
10-Year Annualised Rent Growth - TN
4.2%
69
National percentile
Property Price & Volume Trends
The average property price in TN40 is £267,000, placing it below the national average. Over the past decade, prices have grown by 4.0% annually—a pace that sits slightly above the mid-point of national growth rates. Transaction activity has softened: 295 sales were recorded in the latest year, down from a 10-year average of 456 per annum.
Rent & Yield Trends
Average monthly rent in the broader TN area stands at £1,342, positioning it well above the national median. Rental growth over ten years has averaged 4.2% annually, also outpacing the national trend. The flat yield has improved to 5.4%, up from a 10-year average of 4.6%, indicating stronger rental returns relative to capital values.
Income & Affordability Trends
Average household income is £33,176, notably below the national average and among the lowest nationally. The price-to-income ratio has widened to 8.2x from 6.9x in 2016, signalling that property affordability has deteriorated. Rental affordability has also declined: the rent-to-income ratio has risen from 28% to 31.9%, meaning a growing share of household income is required to cover rental costs.
Resident Demographic Profile
The population is notably older: 30.3% are aged 65 and over, compared to the national average of 19.6%, while those under 15 represent just 14.4% against a national norm of 17.5%. Housing tenure is distinctive, with 31% in private rental accommodation—well above the national 21.7%—and only 20.1% owning with a mortgage against the national 27.0%. The employment profile shows a particularly strong caring sector at 16.2%, nearly double the national 9.2%, with above-average representation in trades (12.2%) and technical roles (12.5%), but fewer professionals (14.9% versus 20.5% nationally).