At a Glance
Average Property Price - TQ3
£268,515
33
National percentile
Average Monthly Rent - TQ
£935
40
National percentile
Average Net Household Income - TQ3
£33,395
21
National percentile
Flat / Maisonette Yield - TQ
4.6%
10
National percentile
10-Year Annualised Price Growth - TQ3
3.5%
46
National percentile
10-Year Annualised Rent Growth - TQ
3.3%
16
National percentile
Property Price & Volume Trends
The average property price in TQ3 is £269,000, placing it below the national average. Annual price growth over the past decade has averaged 3.5%, which is broadly in line with the national trend. Transaction activity has slowed noticeably: 402 sales were recorded in the latest full year, compared to a 10-year average of 543 per annum, reflecting softer recent market conditions.
Rent & Yield Trends
Average monthly rent in the broader TQ postcode area stands at £935, slightly below the national median. Rental growth over the past decade has averaged 3.3% annually, which is considerably slower than the national pace. The flat yield has risen to 4.6%, up from a 10-year average of 3.8%, indicating improved returns for landlords in recent years.
Income & Affordability Trends
Average household income in TQ3 is £33,395, notably below the national average. The price-to-income ratio of 8.1x has drifted upward since 2016 (when it stood at 7.8x), suggesting property has become slightly less affordable relative to earnings. Rental affordability has improved: the rent-to-income ratio has fallen from 28.9% in 2016 to 27.1% today.
Resident Demographic Profile
The population skews significantly older, with 26.4% aged 65 and over (against 19.6% nationally) and notably fewer young adults aged 16–24 at 8.5%. Housing is dominated by outright ownership at 38.4%, well above the national norm of 33.7%, while social rented housing is underrepresented at 8.2%. The employment profile is distinctive for high representation in trades (13.8%) and caring professions (14.2%), offset by lower numbers in professional roles (13.1%).