At a Glance
Average Property Price - TR10
£306,385
44
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR10
£36,918
43
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR10
3.9%
64
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR10 stands at £306,000, roughly in line with the national midpoint. Over the past decade, prices have grown at an annualised rate of 3.9%, slightly above the national trend. Transaction activity has softened recently, with 135 sales in the latest full year compared to a 10-year average of 187 annually, reflecting the quieter nature of this more remote market.
Rent & Yield Trends
Average monthly rent in the wider TR area is £1,004, close to the national median. Rental growth over the past decade has matched the national pace at 3.9% annually. The flat yield currently stands at 4.4%, a meaningful improvement on the 10-year average of 3.5%, indicating better returns for buy-to-let investors in recent conditions.
Income & Affordability Trends
Average net household income in TR10 is £36,918, below the national average. The price-to-income ratio has risen to 8.7x from 7.7x in 2016, signalling that property has become less affordable for local earners relative to historical levels. Rental affordability has improved slightly, with rent-to-income ratio falling from 29.3% to 27.8% over the same period.
Resident Demographic Profile
The area has a notably higher concentration of young adults, with those aged 16–24 representing 20.2% of the population against a national average of 11.0%, likely reflecting the presence of younger workers and transient residents. Outright home ownership is stronger than average at 38.2%, and trades workers form a larger-than-average share at 14.6%, reflecting the rural and skilled manual employment base. The over-65 population is slightly above the national average, and private rental tenure is more prevalent than in many areas.