At a Glance
Average Property Price - TR5
£506,352
81
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR5
£40,806
62
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR5
4.5%
79
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR5 is £506,000, placing it among the most expensive nationally. Over the past decade, prices have grown at 4.5% annually, a rate above the national average. Transaction activity last year was 64 sales, slightly below the 10-year average of 77 per annum.
Rent & Yield Trends
Average monthly rent in the broader TR area is £1,004, broadly in line with the national median. Rental growth over the past decade has been 3.9% per year, matching the national pace. The flat yield currently stands at 4.4%, a notable improvement from the 10-year average of 3.5%, reflecting the recent tightening of the rental market.
Income & Affordability Trends
Average household income is £40,806, modestly above the national median. The price-to-income ratio of 12.5x has deteriorated since 2016, when it stood at 10.7x, indicating that property has become less affordable relative to earnings. Rental affordability has improved: the rent-to-income ratio has eased to 27.8% from 29.3% in 2016.
Resident Demographic Profile
The population skews older and more affluent than the national average. Those aged 65 and over represent nearly a quarter of residents, well above the national figure of 19.6%, while young adults aged 16–24 are significantly under-represented at just 7.2%. Outright home ownership is notably high at 42.6% compared to 33.7% nationally, and social rented housing is below average at 10.2%. The employment profile is weighted towards professional and managerial roles, which together account for 40.5% of the workforce against a national combined figure of 33.9%.