At a Glance
Average Property Price - YO23
£405,002
68
National percentile
Average Monthly Rent - YO
£999
49
National percentile
Average Net Household Income - YO23
£44,438
74
National percentile
Flat / Maisonette Yield - YO
6.0%
73
National percentile
10-Year Annualised Price Growth - YO23
3.8%
58
National percentile
10-Year Annualised Rent Growth - YO
3.6%
35
National percentile
Property Price & Volume Trends
The latest average property price is £405,000, placing it among the more expensive districts nationally. Over the past decade, prices have grown at 3.8% annually, which is broadly in line with the national average. Transaction activity has slowed in recent years, with 290 sales in the latest full year compared to an average of 364 over the preceding ten years.
Rent & Yield Trends
Average monthly rent stands at £999, which is close to the national median and reflects typical rental costs. Rent growth over the past decade has been relatively modest at 3.6% annually, below the national average pace. The rental yield has improved noticeably, rising from a 10-year average of 4.8% to 6.0% in the latest year, indicating strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average household income is £44,438, placing the area among the better-off regions nationally. The price-to-income ratio stands at 9.0x, an improvement from 9.5x in 2016, suggesting that property has become gradually more affordable relative to earnings. Rental affordability has remained virtually unchanged, with rent consuming 27.4% of household income in the latest data compared to 27.5% in 2016.
Resident Demographic Profile
The area has a notably older population structure, with over one-fifth aged 65 and above compared to just under one-fifth nationally, and those aged 16–24 overrepresented at 14.3% versus 11% nationally. Housing tenure is heavily skewed towards outright ownership at 38.2%, well above the national average of 33.7%, while social rented housing is proportionally lower at 10.6% against 16.5% nationally. The employment base is distinctly professional and managerial, with 28.4% in professional roles and 15.4% in management positions, significantly above national levels; trades workers are notably underrepresented at 7.5% compared to 10.5% nationally.