Property trends for TQ12

The average property price of £308,000 sits close to the national middle ground. Over the past decade, prices have grown at 3.2 per annum—below the national average pace. Transaction activity has softened notably: 778 sales were recorded in the latest year, down from a 10-year average of 1,030 annually, suggesting a cooling in market momentum.

Monthly rents average £935, placing the area slightly below the national norm. Rental growth over ten years has been modest at 3.3 per annum, lagging behind national trends. The flat yield has improved to 4.6 per cent in the latest period, up from a 10-year average of 3.8 per cent, reflecting a shift in favour of rental investors.

Average net household income of £38,059 is in line with the national median. Purchase affordability has edged forward: the price-to-income ratio has eased from 8.3x in 2016 to 8.1x today. Rental affordability has improved more markedly, with the rent-to-income ratio falling from 28.9 per cent to 27.1 per cent over the same period.

The population skews notably older, with over-65s representing 22.9 per cent of residents against a national average of 19.6 per cent, and the 50–64 age group also above-average at 21.3 per cent. Conversely, the 16–24 cohort is underrepresented at 8.6 per cent. Housing tenure reflects established ownership: 36.5 per cent own outright, well above the 33.7 per cent national average. The employment mix is trade-heavy at 12.9 per cent, notably above the national 10.5 per cent, alongside a stronger-than-average caring workforce at 11.5 per cent; professional roles are below average at 16 per cent.