At a Glance
Average Property Price - YO41
£346,117
55
National percentile
Average Monthly Rent - YO
£999
49
National percentile
Average Net Household Income - YO41
£43,090
70
National percentile
Flat / Maisonette Yield - YO
6.0%
73
National percentile
10-Year Annualised Price Growth - YO41
2.9%
26
National percentile
10-Year Annualised Rent Growth - YO
3.6%
35
National percentile
Property Price & Volume Trends
The current average property price of £346,000 sits around the national midpoint, with no particular premium or discount. Price growth over the past decade has been notably subdued at 2.9% per year—well below the national average. Transaction activity has cooled significantly; 138 sales in the latest year compare to a 10-year average of 192, suggesting a tightening market.
Rent & Yield Trends
Rental costs at £999 per month are close to the national average, reflecting middling affordability for tenants. Rent growth over ten years has trailed the national pace at 3.6% annually. Yields have moved in a favourable direction, rising to 6.0% in the latest year from a 10-year average of 4.8%, indicating improved returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £43,090 is comfortably above the national median, placing the area among higher-earning parts of the country. Purchase affordability has tightened noticeably: the price-to-income ratio has risen from 7.6x in 2016 to 8.6x today, making property less accessible relative to local earnings. Rental affordability has remained essentially flat, with the rent-to-income ratio stable at around 27% over the same period.
Resident Demographic Profile
The population skews older than average, with a quarter aged 65 and over compared to the national figure of 20%, and notably fewer young adults aged 16–24 at just 8%. Housing tenure reflects strong owner-occupation: 78% own their home outright or with a mortgage versus 61% nationally, whilst private renting is significantly underrepresented at 14%. The employment profile is notably weighted towards managers (17%), who are overrepresented compared to the national average of 13%, and professionals are also above average at 23%.