At a Glance
Average Property Price - WR3
£311,465
46
National percentile
Average Monthly Rent - WR
£929
39
National percentile
Average Net Household Income - WR3
£40,300
59
National percentile
Flat / Maisonette Yield - WR
5.4%
42
National percentile
10-Year Annualised Price Growth - WR3
3.2%
36
National percentile
10-Year Annualised Rent Growth - WR
3.5%
24
National percentile
Property Price & Volume Trends
The current average property price of £311,000 sits slightly below the national midpoint. Over the past decade, prices have grown at 3.2% annually—a slower pace than the national average. Transaction volume has declined: 296 sales in the latest year against a 10-year average of 374, suggesting softer recent demand.
Rent & Yield Trends
Average monthly rent of £929 is below the national average. Rental growth over ten years has been modest at 3.5% per year, trailing national growth rates. The flat yield currently stands at 5.4%, notably above its 10-year average of 4.4%, reflecting a favourable shift in the rental return profile.
Income & Affordability Trends
Household income at £40,300 is slightly above the national average. The price-to-income ratio of 8.1x has moved upward since 2016 (when it was 7.8x), indicating that affordability for purchase has tightened modestly. Rental affordability has improved: the rent-to-income ratio has fallen from 26.1% to 24.8%, making rental costs somewhat lighter relative to earnings.
Resident Demographic Profile
The population skews notably older than average, with 21.2% aged 65 and over compared to the national 19.6%, while those aged 16–24 are underrepresented at 8.4% against 11.0% nationally. Housing tenure reflects above-average ownership: 40% own outright (against 33.7% nationally) and 34.1% own with mortgage (against 27.0%), while private rental and social rented housing are both below national levels. The workforce is tilted towards higher-skilled roles, with professionals at 22.9% and technical roles at 14.2%, both above the national average.