At a Glance
Average Property Price - TR15
£242,357
25
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR15
£34,106
26
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR15
4.1%
68
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR15 is £242,000, placing it well below the national average and among the cheapest districts nationally. Over the past decade, prices have grown at 4.1% annually, slightly above the national typical rate. Transaction activity has fallen notably, with 267 sales in the latest year compared to an average of 363 over the preceding ten years.
Rent & Yield Trends
Average monthly rent across the broader TR postcode area stands at £1,004, precisely at the national midpoint. Rental growth over the past decade has also tracked the national pace at 3.9% annually. The flat yield has improved considerably to 4.4% in the latest year, up from a ten-year average of 3.5%, reflecting strengthening returns for landlords.
Income & Affordability Trends
Average household income in TR15 is £34,106, notably below the national average and among the lower-earning districts. Purchase affordability has deteriorated slightly: the price-to-income ratio has risen from 6.6x in 2016 to 6.9x today. Rental affordability, however, has improved markedly: the rent-to-income ratio has fallen from 29.3% to 27.8%, making housing more accessible for renters.
Resident Demographic Profile
The population skews older than average, with notably fewer young adults aged 16–24 (8.3% versus 11.0% nationally) and higher proportions aged 50–64 and 65+. Owner-occupation is above average, particularly outright ownership at 35.2%. The employment profile is distinctive, with substantially higher concentrations in trades (14.6%) and caring occupations (13.4%), alongside notably lower representation among managers and professionals, reflecting the district's post-industrial character and care sector employment.