At a Glance
Average Property Price - TQ1
£247,324
27
National percentile
Average Monthly Rent - TQ
£935
40
National percentile
Average Net Household Income - TQ1
£32,859
18
National percentile
Flat / Maisonette Yield - TQ
4.6%
10
National percentile
10-Year Annualised Price Growth - TQ1
2.1%
10
National percentile
10-Year Annualised Rent Growth - TQ
3.3%
16
National percentile
Property Price & Volume Trends
The latest average property price in TQ1 is £247,000, placing it well below the national average and among the cheaper districts nationally. Over the past decade, prices have grown at just 2.1% annually—considerably slower than the national trend. Transaction volumes have declined noticeably, with 444 sales in the latest full year compared to an average of 678 over the previous ten years.
Rent & Yield Trends
Monthly rents in the broader TQ postcode area average £935, slightly below the national midpoint. Rental growth over the past decade has been modest at 3.3% annually, also lagging the national pace. The flat yield has improved steadily to 4.6% in the latest period from a ten-year average of 3.8%, reflecting strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average net household income in TQ1 stands at £33,000, significantly below the national average and among the lowest nationally. The price-to-income ratio of 9.1x has deteriorated since 2016 (when it was 8.1x), indicating homes have become less affordable relative to local earnings. Rental affordability has improved: the rent-to-income ratio has fallen to 27.1% from 28.9% in 2016, easing the burden on renters.
Resident Demographic Profile
The population is notably older than average, with over a quarter aged 65 and above compared to one-fifth nationally, and correspondingly fewer residents in younger age bands. The private rental market is unusually prominent at 35%, well above the national average, while mortgage-financed ownership is proportionally weaker at 22%. The workforce shows an elevated concentration in caring professions (14%) and a higher proportion in trades (12%), reflecting both the area's aging demographic and its tourism-linked economy.