At a Glance
Average Property Price - TR1
£336,838
53
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR1
£40,166
59
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR1
2.9%
26
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The latest average property price in TR1 is £337,000, placing it close to the national median. Over the past decade, prices have grown at 2.9% annually—a below-average pace compared with the rest of the country. Transaction activity has slowed in recent years, with 310 sales in the latest full year against a ten-year average of 415, suggesting a shift in market momentum.
Rent & Yield Trends
Average monthly rent in the broader TR postcode area stands at £1,004, around the national midpoint. Rental growth over ten years has been 3.9% per year—in line with the national trend. The flat yield has risen to 4.4%, up from a ten-year average of 3.5%, reflecting improved rental returns for investors relative to prices.
Income & Affordability Trends
Average net household income is £40,166, slightly above the national average. The price-to-income ratio has drifted upward to 8.8x from 8.3x in 2016, indicating that properties have become somewhat less affordable relative to local earnings. Rental affordability has improved, however, with the rent-to-income ratio falling from 29.3% to 27.8% over the same period.
Resident Demographic Profile
The population skews older than average, with over a fifth aged 65 and above compared to the national figure of just under one-fifth. Conversely, the 16–24 age group is proportionally smaller. Outright ownership is notably higher at 35.6%, reflecting the older demographic profile. The workforce is characterised by a higher share of professionals (nearly a quarter) and a notably lower proportion in plant and machinery roles, pointing to a more service and knowledge-based economy.