At a Glance
Average Property Price - DN12
£153,874
3
National percentile
Average Monthly Rent - DN
£658
2
National percentile
Average Net Household Income - DN12
£30,733
10
National percentile
Flat / Maisonette Yield - DN
6.0%
69
National percentile
10-Year Annualised Price Growth - DN12
4.2%
71
National percentile
10-Year Annualised Rent Growth - DN
3.2%
14
National percentile
Property Price & Volume Trends
The latest average property price in DN12 is £154,000, placing it among the cheapest areas nationally. Over the past decade, prices have grown at 4.2% annually—a solid pace that exceeds the typical UK rate of growth. Transaction volumes have eased recently, with 226 sales in the latest year compared to a 10-year average of 307, reflecting a broader slowdown in market activity.
Rent & Yield Trends
Average monthly rent across the wider DN postcode area stands at £658, making it among the most affordable in the country for tenants. Rental growth over the past decade has been modest at 3.2% per year, below the national trend. The current flat yield of 6.0% is noticeably higher than the 10-year average of 5.1%, suggesting improved returns for landlords in recent months.
Income & Affordability Trends
Average net household income is £30,733, well below the national average and among the lowest nationally. The price-to-income ratio has moved from 4.1x in 2016 to 4.6x today, indicating that property has become less affordable relative to local earnings over that period. Rental affordability has improved slightly, with rent-to-income falling from 21.3% to 20.5%, suggesting that rents have not kept pace with any modest income gains.
Resident Demographic Profile
The population skews towards older age groups, with those aged 50–64 and 65+ together accounting for 39.2% of residents—above the national average. Social rented housing is notably prevalent at 27.1%, well above the national norm of 16.5%, while private rented housing at 17% is significantly below the national average of 21.7%. The employment profile is distinguished by higher rates of trades workers (13.0% vs 10.5% nationally), elementary occupations (16.7% vs 10.2%), and caring roles (12.4% vs 9.2%), alongside notably lower representation in professional roles (10.3% vs 20.5%).