At a Glance
Average Property Price - TR2
£508,213
81
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR2
£38,069
49
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR2
3.6%
52
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR2 is £508,000, placing it among the most expensive nationally. Over the past decade, prices have grown at 3.6% per year—a rate in line with the national average. Transaction activity has slowed noticeably, with 107 sales in the latest year against a 10-year average of 185, reflecting a more constrained local market.
Rent & Yield Trends
Average monthly rent across the broader TR area stands at £1,004, close to the national median. Rent growth over ten years has averaged 3.9% annually, marginally above the national pace. The flat yield has improved materially to 4.4% in the latest year from a 10-year average of 3.5%, suggesting better rental returns for investors relative to capital value.
Income & Affordability Trends
Average household income in TR2 is £38,069, slightly below the national median. Purchase affordability has tightened: the price-to-income ratio stands at 12.2x, up from 11.6x in 2016, indicating property has become less affordable relative to local earnings. Rental affordability has improved, with rent-to-income ratio falling to 27.8% from 29.3% over the same period.
Resident Demographic Profile
TR2 has a distinctly older age profile: nearly one in three residents is aged 65 or over (well above the national average of 19.6%), and those under 25 are notably underrepresented. Housing tenure shows a strong bias towards outright ownership at 45.6%, significantly higher than the national norm, while social rented accommodation is less prevalent. The employment mix is weighted heavily towards skilled trades (16.9%) and managers (15.2%), reflecting a mix of rural self-employment and professional roles.