At a Glance
Average Property Price - TQ5
£343,453
55
National percentile
Average Monthly Rent - TQ
£935
40
National percentile
Average Net Household Income - TQ5
£34,198
27
National percentile
Flat / Maisonette Yield - TQ
4.6%
10
National percentile
10-Year Annualised Price Growth - TQ5
4.4%
78
National percentile
10-Year Annualised Rent Growth - TQ
3.3%
16
National percentile
Property Price & Volume Trends
The latest average property price in TQ5 is £343,000, broadly in line with the national average. Over the past decade, the area has experienced robust price growth of 4.4% annually—notably faster than most of the country. However, transaction volumes have declined notably, with just 248 sales in the latest year compared to an average of 402 over the previous ten years.
Rent & Yield Trends
Monthly rents in the broader TQ area average £935, placing it below the national average. Rent growth over the past decade has been sluggish at 3.3% annually, among the slowest-growing areas nationally. Yields have been more encouraging for landlords: the current flat yield of 4.6% sits above the ten-year average of 3.8%, suggesting a modest improvement in rental returns.
Income & Affordability Trends
Average household net income in TQ5 stands at £34,198, below the national average and reflecting the area's significant retired population. The price-to-income ratio of 10.1x has worsened since 2016 (when it was 9.1x), indicating that buying power has not kept pace with house prices. By contrast, rental affordability has improved: the rent-to-income ratio has fallen from 28.9% to 27.1%, giving renters more breathing room.
Resident Demographic Profile
TQ5 has a distinctly elderly population: two-thirds are aged 50 or over, with 35% aged 65 and above—nearly double the national average. Correspondingly, children and young adults are significantly underrepresented. Housing tenure is heavily skewed towards outright ownership (51%), well above the national average of 34%, reflecting the concentration of retirees. The employment mix shows above-average representation in trades (15%) and caring professions (13%), with notably fewer professionals (14%) than the national norm.