At a Glance
Average Property Price - TR27
£321,215
49
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR27
£34,701
30
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR27
3.3%
38
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR27 is £321,000, broadly in line with the national average. Over the past decade, prices have grown at 3.3% per year—a relatively modest rate that sits below the national average growth pace. Transaction activity has softened considerably: the latest full year saw 194 sales, well below the 10-year average of 269 per year, signalling a more subdued market.
Rent & Yield Trends
Rental levels in the broader TR postcode area average £1,004 per month, close to the national midpoint. Rent has grown at 3.9% annually over the past decade, broadly in line with national trends. The flat yield currently stands at 4.4%, notably above its 10-year average of 3.5%, reflecting improved returns for buy-to-let investors.
Income & Affordability Trends
Average household income here is £35,000—below the national average, placing the area among lower-income regions. Purchase affordability has deteriorated: the price-to-income ratio has risen from 8.3x in 2016 to 9.6x today, making homeownership progressively harder to achieve. Rental affordability, however, has improved slightly, with rent now consuming 27.8% of income compared to 29.3% in 2016.
Resident Demographic Profile
The population skews notably older: over a quarter are aged 65 and above, against a national average of 19.6%, while young adults aged 16–24 are underrepresented at 8.1%. Housing tenure is distinctive for very high outright ownership at 42%—well above the national 33.7%—reflecting an older demographic and long-resident population. The employment mix is weighted towards trades (15.9% against a national 10.5%) and caring roles (11.4% against 9.2%), with fewer professionals (14.4% versus 20.5% nationally).