At a Glance
Average Property Price - YO16
£186,815
9
National percentile
Average Monthly Rent - YO
£999
49
National percentile
Average Net Household Income - YO16
£27,977
5
National percentile
Flat / Maisonette Yield - YO
6.0%
73
National percentile
10-Year Annualised Price Growth - YO16
3.7%
56
National percentile
10-Year Annualised Rent Growth - YO
3.6%
35
National percentile
Property Price & Volume Trends
The average property price of £187,000 places YO16 among the cheapest areas nationally. Over the past decade, prices have grown at 3.7% per year—close to the national average rate. Transaction activity has slowed, with 386 sales in the latest year compared to a 10-year average of 467, suggesting moderating market momentum.
Rent & Yield Trends
Average monthly rent of £999 sits close to the national midpoint. Rental growth over the past decade has been slower than average, at 3.6% per year. The current flat yield of 6.0% is notably above its 10-year average of 4.8%, reflecting a tightening rental market relative to property values.
Income & Affordability Trends
Average household income of £28,000 is substantially below the national average, placing the area among the lowest-income regions in the country. The price-to-income ratio of 6.8x has risen since 2016 (from 6.0x), indicating that property purchase affordability has deteriorated. Rental affordability has remained essentially flat, with rent-to-income at 27.4% compared to 27.5% in 2016.
Resident Demographic Profile
The population is notably older, with 35.2% aged 65 or over—nearly twice the national average—and only 6.9% aged 16–24, well below the national norm. Housing tenure is heavily skewed toward outright ownership (46.9%), substantially higher than the national average, while mortgage ownership (19.8%) is correspondingly lower. Employment is weighted toward trades (15.3%) and caring roles (13.4%), with professionals underrepresented at 10.3%.