At a Glance
Average Property Price - TR8
£374,640
62
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR8
£37,781
48
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR8
3.3%
40
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR8 is £375,000, placing it around the national midpoint. Over the past decade, the district has seen annualised price growth of 3.3%, which is below the national average, suggesting a steadier but less dynamic market than much of the country. Transaction activity has softened recently, with 217 sales in the latest full year compared to a 10-year average of 263, indicating somewhat quieter market momentum.
Rent & Yield Trends
Average monthly rent in the broader TR postcode area stands at £1,004, broadly in line with the national median. Rental growth over ten years has averaged 3.9% annually, matching national trends closely. The rental yield has improved markedly to 4.4% in the latest year from a 10-year average of 3.5%, reflecting stronger rental income relative to property values and pointing to improved returns for landlords.
Income & Affordability Trends
Average household income in TR8 is £37,781, slightly below the national median. The price-to-income ratio stands at 10.7x, a modest increase from 10.4x in 2016, suggesting affordability has tightened slightly for buyers. 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.
Resident Demographic Profile
The population skews notably older, with those aged 50 and above representing 41% of residents compared to the national average of 39.4%. The 16–24 age group is significantly under-represented at 8.4% against the national 11%. The workforce has a notably strong trades presence at 15.8% (well above the national 10.5%) and elevated caring roles at 11% versus the national 9.2%, reflecting the area's rural character and ageing population. Outright home ownership is above average at 37.2%, and social rented housing is notably lower at 10.2% compared to the national 16.5%.