At a Glance
Average Property Price - TR6
£488,204
79
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR6
£38,367
51
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR6
6.9%
99
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price of £488,000 places TR6 among the most expensive districts nationally. The district has delivered exceptional growth over the past decade, with prices rising at an annualised rate of 6.9%—among the fastest anywhere in the UK. Transaction activity has slowed recently, with 51 sales in the latest year compared to an average of 82 annually over the preceding decade.
Rent & Yield Trends
Rental levels in the broader TR postcode area sit close to the national average at £1,004 per month, with rent growth of 3.9% per year also tracking the national trend. The rental yield has improved notably, now at 4.4% compared to a 10-year average of 3.5%, reflecting a strengthening of income returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £38,367 is broadly in line with the national midpoint. Purchase affordability has tightened significantly: the price-to-income ratio now stands at 12.8x, up from 9.7x in 2016, indicating that property has become considerably less affordable relative to earnings. Rental affordability has moved in the opposite direction and improved, with the rent-to-income ratio falling from 29.3% in 2016 to 27.8% today.
Resident Demographic Profile
The population is distinctly older than average, with over a quarter aged 65 and above compared to a national fifth, whilst the young adult population aged 16–24 is notably underrepresented at just 7.5%. Housing tenure is marked by a strong bias towards outright ownership at 43.3%, well above the national norm of 33.7%, whilst social rented housing is below average at 10.2%. The employment profile is skewed towards trades (14.8%) and managers (16.1%), with lower representation in elementary roles and plant/machine work.