At a Glance
Average Property Price - TR20
£383,339
64
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR20
£34,680
29
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR20
3.2%
35
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR20 is £383,000, sitting slightly above the national midpoint. Over the past decade, prices have grown at 3.2% annually—notably slower than the national average, reflecting more modest appreciation in this coastal region. Transaction activity has softened, with 100 sales in the latest full year compared to a 10-year average of 145 annually.
Rent & Yield Trends
The average monthly rent of £1,004 sits near the national median. Rental growth over the past decade has also tracked in line with national trends at 3.9% annually. The flat yield stands at 4.4%, which is a meaningful improvement from the 10-year average of 3.5%, indicating that rental income has grown faster than capital values and improved returns for buy-to-let investors in recent years.
Income & Affordability Trends
Average household income of £35,000 is materially below the national average, placing the area in the lower third nationally. This affordability pressure is evident in the price-to-income ratio of 10.9x, which has worsened since 2016 (then 9.8x), signalling that property values have outpaced wage growth. On the rental side, rents now consume 27.8% of household income—an improvement from 29.3% in 2016, suggesting that rental affordability has eased slightly despite slower wage growth.
Resident Demographic Profile
TR20 has a notably aged profile: nearly 30% of residents are aged 65 and over, well above the national average of 19.6%, while young adults aged 16–24 are significantly underrepresented at just 7.2% compared to 11.0% nationally. Housing tenure is heavily skewed toward outright ownership at 46.8%, nearly 50% above the national average, reflecting the area's appeal to retirees and older buyers. The employment mix is distinctive for an above-average concentration in trades (16.3% against 10.5% nationally) and caring roles (11.5% against 9.2%), alongside below-average professional representation.