At a Glance
Average Property Price - TR9
£289,867
39
National percentile
Average Monthly Rent - TR
£1,004
51
National percentile
Average Net Household Income - TR9
£35,061
31
National percentile
Flat / Maisonette Yield - TR
4.4%
5
National percentile
10-Year Annualised Price Growth - TR9
4.4%
77
National percentile
10-Year Annualised Rent Growth - TR
3.9%
50
National percentile
Property Price & Volume Trends
The average property price in TR9 is £290,000, placing it below the national average—among the more affordable areas across the UK. Over the past decade, prices have grown at 4.4% annually, outpacing the typical rate of growth nationally. Transaction activity in the latest year stood at 106 sales, slightly below the 10-year average of 121 per year.
Rent & Yield Trends
Average monthly rent in the broader TR postcode area is £1,004, in line with the national median. Rental growth over the past decade has matched the national pace at 3.9% annually. The flat yield currently stands at 4.4%, up from a 10-year average of 3.5%, indicating improving returns for buy-to-let investors in recent years.
Income & Affordability Trends
Average household net income is £35,061, below the national average and placing the area in the lower third nationally. The price-to-income ratio stands at 7.9x, having widened since 2016 when it was 7.2x, signalling that purchasing a home has become less affordable relative to local earnings. Rental affordability has improved: the rent-to-income ratio has fallen to 27.8% from 29.3% in 2016, reflecting that renting absorbs a smaller share of household income.
Resident Demographic Profile
The population skews notably older than the national average, with 21.6% aged 65 and over compared to 19.6% nationally, while the 16–24 age group at 8.3% is meaningfully underrepresented relative to 11.0% nationally. Housing tenure is marked by a significantly higher rate of outright ownership at 40.6% against 33.7% nationally, alongside lower social rented housing at 10.1% versus 16.5% nationally. The employment mix reflects a strong presence of skilled trades at 16.9% compared to 10.5% nationally, while professional employment is below average at 12.8% against 20.5% nationally.