At a Glance
Average Property Price - TQ2
£273,290
35
National percentile
Average Monthly Rent - TQ
£935
40
National percentile
Average Net Household Income - TQ2
£34,542
29
National percentile
Flat / Maisonette Yield - TQ
4.6%
10
National percentile
10-Year Annualised Price Growth - TQ2
2.8%
24
National percentile
10-Year Annualised Rent Growth - TQ
3.3%
16
National percentile
Property Price & Volume Trends
The average property price in TQ2 is £273,000, placing it below the national average. Over the past decade, prices have grown at 2.8% annually—a notably slower pace than the national average, indicating this market has underperformed in the longer-term recovery. Transaction volumes have softened: 409 sales were recorded in the latest full year, down from a 10-year average of 540 annually.
Rent & Yield Trends
Average monthly rents stand at £935, slightly below the national midpoint. Rental growth has lagged significantly behind national trends, rising at just 3.3% per year over a decade. The flat yield has improved to 4.6% in the latest year from a 10-year average of 3.8%, reflecting a positive shift in rental returns relative to property values.
Income & Affordability Trends
Average household income of £34,542 is noticeably below the national average, placing the area among lower-income regions. The price-to-income ratio of 8.2x has slightly worsened since 2016 (8.0x), indicating purchase affordability has edged tighter. Rental affordability, however, has improved: the rent-to-income ratio has fallen to 27.1% from 28.9% in 2016, offering better value for tenants.
Resident Demographic Profile
The population skews notably older than average, with those aged 50–64 representing 21.1% and those 65+ at 20.7%, compared to national averages of 19.8% and 19.6% respectively. Young adults aged 16–24 are underrepresented at 9% versus the national norm of 11%. The tenure mix reflects a strong private rental presence at 31.5%—well above the 21.7% national average—alongside lower social renting (10.3% vs 16.5% nationally). Employment is weighted heavily toward caring professions (14.3% vs 9.2% nationally) and trades (12.3% vs 10.5%), with professionals notably underrepresented at 15.1% against the 20.5% national benchmark.