At a Glance
Average Property Price - TR18
£294,280
41
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR18
£30,355
8
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR18
3.7%
54
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR18 is £294,280, placing it close to the national midpoint. Over the past decade, prices have grown at 3.7% per year, in line with the national average. Transaction activity has declined, with 234 sales in the latest year compared to a 10-year average of 319 annually, suggesting a softening in market momentum.
Rent & Yield Trends
Average monthly rent across the broader TR postcode area stands at £1,004, broadly in line with the national median. Rent growth over ten years has averaged 3.9% per year, matching national trends. The flat yield has improved materially, rising to 4.4% in the latest year from a 10-year average of 3.5%, reflecting the stronger rental returns now on offer.
Income & Affordability Trends
Average household income in TR18 is £30,355, significantly below the national average and among the lowest nationally. The price-to-income ratio of 10.1x indicates affordability has deteriorated since 2016, when it stood at 8.0x, making home purchase increasingly challenging for local earners. Rental affordability has improved slightly, with rent now consuming 27.8% of income compared to 29.3% in 2016.
Resident Demographic Profile
The population is notably older, with those aged 50–64 representing 22.6% (well above the national 19.8%) and those 65 and over at 27.6% (significantly higher than the national 19.6%). Conversely, younger age groups are underrepresented: those under 15 make up 14.4% versus 17.5% nationally. Housing tenure reflects a predominantly owned population, with 36.5% owning outright, but a below-average proportion (16.7%) with mortgages. The employment mix is distinctive, with notably higher shares in trades (14.5% versus 10.5% nationally) and caring roles (13.6% versus 9.2%), reflecting the area's economic structure and ageing demographics.