At a Glance
Average Property Price - YO62
£353,972
57
National percentile
Average Monthly Rent - YO
£999
49
National percentile
Average Net Household Income - YO62
£37,104
45
National percentile
Flat / Maisonette Yield - YO
6.0%
73
National percentile
10-Year Annualised Price Growth - YO62
3.2%
37
National percentile
10-Year Annualised Rent Growth - YO
3.6%
35
National percentile
Property Price & Volume Trends
The latest average property price in YO62 is £354,000, placing it slightly above the national mid-point. Over the past decade, prices have grown at 3.2% annually—below the national average pace. Transaction activity has softened recently, with 171 sales in the latest full year compared to a 10-year average of 200 per year.
Rent & Yield Trends
Average monthly rent stands at £999, close to the national median. Rental growth over ten years has been 3.6% annually, slightly below the national trend. Yields have improved notably, rising to 6.0% in the latest year from a 10-year average of 4.8%, reflecting the tightening of the relationship between rents and capital values.
Income & Affordability Trends
Average household net income is £37,104, slightly below the national average. The price-to-income ratio has edged upward from 9.2x in 2016 to 9.6x today, suggesting purchase affordability has weakened marginally. Rental affordability has remained stable, with the rent-to-income ratio holding steady at around 27% across the same period.
Resident Demographic Profile
YO62 has a distinctly older population: those aged 50–64 account for a quarter of residents (against 19.8% nationally), and over-65s represent 29.5% compared to the national average of 19.6%. Owner-occupation is notably high at 67.3% combined (outright and mortgaged), well above the national average of 60.7%. The workforce skews towards skilled trades, representing 19.2% against 10.5% nationally, while professional roles are underrepresented at 16.2%.