At a Glance
Average Property Price - TR3
£453,117
75
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR3
£40,803
62
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR3
3.7%
55
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR3 is £453,000, placing it among the more expensive districts nationally. Over the past decade, prices have risen at 3.7% per year—broadly in line with national growth trends. Transaction activity has slowed noticeably, with 154 sales in the latest full year compared to an average of 221 over the previous ten years, suggesting a more subdued current market.
Rent & Yield Trends
Average monthly rent across the broader TR postcode area stands at £1,004, close to the national middle ground. Rental growth over the past decade has matched national trends at 3.9% per year. The flat yield has improved to 4.4%, up from a ten-year average of 3.5%, reflecting stronger rental returns relative to property values in recent years.
Income & Affordability Trends
Average household income in the area is £40,803, modestly above the national median. The price-to-income ratio of 12.0x has worsened since 2016 (when it stood at 10.6x), indicating that property has become less affordable relative to local earnings. Rental affordability, however, has improved: the rent-to-income ratio has fallen from 29.3% in 2016 to 27.8% today, easing pressure on renters' budgets.
Resident Demographic Profile
The population is notably older than the national average, with 27.1% aged 65 and over compared to 19.6% nationally, while those under 15 and 16–24 are underrepresented. Owner-occupation is markedly higher at 46.7% owned outright versus 33.7% nationally, and social rented housing is significantly lower at 9% against 16.5%. The workforce skews toward managers and professionals (37.4% combined) and skilled trades (13.3%), with fewer people in elementary roles.