At a Glance
Average Property Price - DN16
£161,725
4
National percentile
Average Monthly Rent - DN
£658
2
National percentile
Average Net Household Income - DN16
£33,914
25
National percentile
Flat / Maisonette Yield - DN
6.0%
69
National percentile
10-Year Annualised Price Growth - DN16
3.1%
33
National percentile
10-Year Annualised Rent Growth - DN
3.2%
14
National percentile
Property Price & Volume Trends
The latest average property price is £162,000, placing DN16 among the most affordable districts nationally. Over the past decade, prices have grown at 3.1% annually—close to the national average. Transaction activity has eased recently, with 411 sales in the latest full year compared to a 10-year average of 472, suggesting a moderately softening market.
Rent & Yield Trends
Average monthly rent across the DN postcode area stands at £658, well below the national average. Rental growth over ten years has been modest at 3.2% annually, below the national pace. The flat yield has strengthened to 6.0%, notably above its 10-year average of 5.1%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Household incomes in the area average £33,914, below the national median. The price-to-income ratio of 4.6x suggests reasonable purchase affordability, though it has tightened slightly from 4.4x in 2016. Rental affordability has improved materially: the rent-to-income ratio has fallen from 21.3% to 20.5% over the same period, easing pressure on tenants.
Resident Demographic Profile
The population is noticeably younger than the national average, with 20.2% aged under 15 compared to 17.5% nationally. The employment profile is heavily skewed towards manual and trades occupations: elementary roles account for 16.3% (well above the 10.2% national figure) and plant/machine operation for 14.9% (more than double the 6.6% national share), reflecting the industrial heritage. Professional occupations, by contrast, are significantly underrepresented at 11.3% versus 20.5% nationally. Tenure is broadly similar to the national mix, with a notable exception in social rented housing at 19.8% against 16.5% nationally.