At a Glance
Average Property Price - TR14
£247,150
27
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR14
£32,540
16
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR14
3.8%
60
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR14 stands at £247,000, placing it well below the national average. Over the past decade, prices have grown at 3.8% annually — close to the national pace. Transaction activity has softened noticeably, with 311 sales in the latest year compared to a 10-year average of 429 per year, suggesting a slower market.
Rent & Yield Trends
Average monthly rent across the TR postcode area is £1,004, broadly in line with the national median. Rental growth over the past decade has kept pace with the national trend at 3.9% per year. The flat yield currently sits at 4.4%, a meaningful improvement on the 10-year average of 3.5%, pointing to stronger rental returns in the recent market.
Income & Affordability Trends
Average household net income in TR14 is £32,540, significantly below the national average. This affordability pressure is reflected in the price-to-income ratio of 7.5x, which has widened from 6.7x in 2016—property has become less affordable relative to local incomes. Rental affordability has improved modestly: the rent-to-income ratio stands at 27.8%, down from 29.3% in 2016.
Resident Demographic Profile
The population is notably older than average, with 22.6% aged 65 and over compared to the national figure of 19.6%, while those aged 16–24 are underrepresented at 8.6% versus 11.0% nationally. Housing tenure shows higher outright ownership at 37.7% but slightly lower mortgage ownership at 24.4%. The employment profile is distinctive for its strength in trades (15.5% versus 10.5% nationally) and caring roles (14.2% versus 9.2%), with professionals notably underrepresented at 12.3% against 20.5% nationally.