At a Glance
Average Property Price - TR12
£382,578
63
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR12
£35,577
35
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR12
3.3%
39
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The latest average property price in TR12 is £383,000, placing it slightly above the national midpoint. Over the past decade, prices have grown by 3.3% annually—below the national average, indicating a steadier but more modest pace of appreciation. Transaction activity has slowed recently, with 109 sales in the latest full year compared to a 10-year average of 138 per year.
Rent & Yield Trends
Average monthly rent across the broader TR postcode area stands at £1,004, close to the national average. Rental growth over the past decade has been 3.9% annually, in line with the national trend. The flat yield has improved to 4.4% in the latest year, up from a 10-year average of 3.5%, reflecting a strengthening rental market relative to property values.
Income & Affordability Trends
Average net household income is £35,577, notably below the national average. The price-to-income ratio stands at 11.7x, having worsened from 11.0x in 2016, indicating that property purchase affordability has declined. Rental affordability, however, has improved: the rent-to-income ratio has fallen to 27.8% from 29.3% in 2016, suggesting rents have grown more slowly than incomes.
Resident Demographic Profile
The population is notably older: 30% are aged 65 and over, far exceeding the national average of 19.6%, and the 50–64 age group is also overrepresented at 23.1%. Conversely, the 16–24 and 25–34 age groups are significantly underrepresented at 8.4% and 8% respectively. Housing tenure strongly favours outright ownership at 49.8%, well above the national 33.7%, reflecting the area's appeal to retirees. Employment skews towards trades at 20.1%, notably higher than the national 10.5%, and caring professions are also elevated at 10.3% versus the national 9.2%.