At a Glance
Average Property Price - TR16
£305,367
43
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR16
£35,848
36
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR16
4.5%
80
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price of £305,000 sits slightly below the national midpoint. Over the past decade, the area has experienced notably strong price growth at 4.5% annually, placing it among the fastest-growing markets across the UK. Transaction activity has fallen significantly, with 167 sales in the latest year compared to a 10-year average of 242, suggesting a softer market.
Rent & Yield Trends
Average monthly rent of £1,004 is roughly in line with the national average. Rental growth over the past decade has been moderate at 3.9% annually, tracking with national trends. The flat yield has improved markedly to 4.4%, up from a 10-year average of 3.5%, reflecting stronger rental returns relative to property prices.
Income & Affordability Trends
Average household income of £36,000 is below the national average. Housing affordability has deteriorated: the price-to-income ratio has risen to 9.5x from 8.1x in 2016, indicating properties are now significantly less affordable for local buyers. Rental affordability, however, has improved, with rent consuming 27.8% of income compared to 29.3% in 2016.
Resident Demographic Profile
The population is notably older and weighted towards retirement, with over 23% aged 65 and above—well above the national average of 19.6%—while young adults (16–24) are underrepresented at 7.8%. Outright home ownership is strong at 41.9%, significantly above the national average of 33.7%. The employment profile is distinctive for a high concentration of trades workers at 15.4% and caring professions at 11.9%, reflecting the area's character and ageing population.