At a Glance
Average Property Price - TR4
£360,520
59
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR4
£40,384
60
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR4
4.2%
71
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR4 is £361,000, positioning it slightly above the national midpoint. Over the past decade, prices have grown at 4.2% annually—a rate notably above the national average, reflecting sustained demand. Transaction volumes have declined recently, with 134 sales in the latest full year against a 10-year average of 196, suggesting a tightening of market activity.
Rent & Yield Trends
Average monthly rent across the broader TR area stands at £1,004, in line with the national median. Rental growth over the past decade has been 3.9% per year, matching national trends closely. Yields have improved markedly: the current flat yield of 4.4% exceeds the 10-year average of 3.5%, indicating a shift in favour of rental investors.
Income & Affordability Trends
Average household income in the area is £40,384, positioning it slightly above the national average. The price-to-income ratio of 9.7x has risen substantially since 2016 (7.8x), indicating that purchase affordability has deteriorated even as incomes have grown. Rental affordability, by contrast, has improved: the rent-to-income ratio has fallen from 29.3% in 2016 to 27.8% today.
Resident Demographic Profile
The population skews significantly older than national norms: over a quarter (25.9%) are aged 65 and above, compared with 19.6% nationally, while young adults aged 16–24 are notably underrepresented at 7.8% against 11.0% nationally. Housing tenure reflects strong homeownership: 44.6% own outright—well above the 33.7% national average—whilst private renting is below average at 17.3%. The employment profile is professional-heavy, with managers and tradespeople also well-represented, though elementary workers and plant operators are notably less common than nationally.