At a Glance
Average Property Price - TR7
£336,181
53
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR7
£35,220
33
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR7
4.3%
75
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The latest average property price in TR7 is £336,000, broadly in line with the national median. Over the past decade, prices have grown at an annualised rate of 3.3%, placing the area among the faster-growing markets nationally. Transaction activity has eased: 386 sales were recorded in the latest full year, down from a ten-year average of 476 annually.
Rent & Yield Trends
Average monthly rent across the broader TR postcode stands at £1,004, close to the national middle ground. Rental growth over the past decade has been moderate at 3.9% per year, neither notably fast nor slow nationally. The flat yield has improved markedly to 4.4%, well above its ten-year average of 3.5%, suggesting rental returns have become more attractive relative to capital values.
Income & Affordability Trends
Average household income in the area is £35,220, considerably below the national average. The price-to-income ratio of 9.8x has deteriorated since 2016 (when it stood at 9.0x), making purchase less affordable for local earners. Rental affordability has improved, with the rent-to-income ratio falling from 29.3% in 2016 to 27.8% today.
Resident Demographic Profile
The population skews older than average, with those aged 35–49 and 65+ both notably overrepresented. The under-16 age group is underrepresented relative to national norms. The private rented sector is significantly larger than the national average, accounting for over a quarter of all housing. Among employment sectors, skilled trades are notably more prevalent than nationally, while professionals and those in administrative roles are less common.