At a Glance
Average Property Price - TR19
£334,883
53
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR19
£34,099
26
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR19
3.5%
49
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The latest average property price in TR19 stands at £335,000, which is close to the national median. Over the past decade, prices have grown at 3.5% per year on an annualised basis—a rate broadly in line with national trends. Transaction volumes have slowed recently, with 88 sales in the latest year compared to an average of 154 annually over the previous ten years, reflecting the limited market size typical of island communities.
Rent & Yield Trends
Average monthly rent across the broader TR postcode is £1,004, which sits at the national median. Rental growth over ten years has averaged 3.9% per year, matching national pace. The flat yield currently stands at 4.4%, a noticeable increase from the ten-year average of 3.5%, indicating strengthening returns for landlords in recent times.
Income & Affordability Trends
Average net household income in TR19 is £34,099, placing it well below the national average and among the lower quartile nationally. The price-to-income ratio has deteriorated since 2016, rising from 9.8x to 10.8x, signalling that affordability for owner-occupation has tightened. Conversely, rental affordability has improved: the rent-to-income ratio has fallen from 29.3% to 27.8%, easing the burden on renters.
Resident Demographic Profile
The population skews notably older, with over 30% aged 65 and above compared to the national figure of 20%, whilst those aged 16–24 represent just 7.5% against a national average of 11%. Outright ownership is exceptionally high at nearly 47%, well above the national norm of 34%, reflecting the area's retiree concentration. The employment profile shows a marked strength in trades—at 17%, nearly 1.6 times the national proportion—and caring roles are also elevated at 12% versus a national average of 9%, consistent with an ageing population.