At a Glance
Average Property Price - TQ4
£291,804
40
National percentile
Average Monthly Rent - TQ
£935
40
National percentile
Average Net Household Income - TQ4
£30,900
10
National percentile
Flat / Maisonette Yield - TQ
4.6%
10
National percentile
10-Year Annualised Price Growth - TQ4
3.5%
46
National percentile
10-Year Annualised Rent Growth - TQ
3.3%
16
National percentile
Property Price & Volume Trends
The latest average property price in TQ4 is £292,000, slightly below the national midpoint. Over the past decade, the area has seen annualised growth of 3.5%, in line with the national average. Transaction volume last year stood at 299 sales, down from a ten-year average of 416 per annum, reflecting a more subdued market in recent times.
Rent & Yield Trends
Average monthly rent across the broader TQ postcode is £935, modestly below the national average. Rental growth has been slower than the national pace, with annualised expansion of 3.3% over ten years. The flat yield currently stands at 4.6%, up meaningfully from its ten-year average of 3.8%, indicating improving rental returns relative to property values.
Income & Affordability Trends
Household incomes in TQ4 average £30,900 annually, well below the national average and among the lowest in the country. The price-to-income ratio has moved from 8.6x in 2016 to 9.4x today, indicating that affordability for purchase has deteriorated. By contrast, rental affordability has improved: the rent-to-income ratio has fallen from 28.9% to 27.1%, easing the burden on tenants.
Resident Demographic Profile
The population skews markedly towards older age groups, with over-65s representing 28.3% compared to the national average of 19.6%, while those under 15 are notably underrepresented at 14.7%. Housing tenure shows a pronounced private rental sector at 30%, well above the national 21.7%, alongside relatively high outright ownership of 37.6%. The employment profile is distinctive for strong representation in caring professions (14.7% versus 9.2% nationally) and trades (13.3% versus 10.5%), whilst professional employment is significantly lower at 12%.