Property trends for DN33

    DN33 covers the coastal areas around Cleethorpes and Grimsby in North Lincolnshire, situated on the Humber estuary. It is a seaside and industrial community with established residential neighbourhoods and strong ties to maritime heritage.

    At a Glance

    Average Property Price - DN33

    £191,521

    10

    National percentile

    Average Monthly Rent - DN

    £658

    2

    National percentile

    Average Net Household Income - DN33

    £33,827

    24

    National percentile

    Flat / Maisonette Yield - DN

    6.0%

    69

    National percentile

    10-Year Annualised Price Growth - DN33

    2.7%

    20

    National percentile

    10-Year Annualised Rent Growth - DN

    3.2%

    14

    National percentile

    Property Price & Volume Trends

    The average property price in DN33 is £192,000, placing it among the cheapest nationally. Over the past decade, prices have grown by 2.7% annually—well below the national average, suggesting modest capital appreciation. Transaction volumes have softened recently, with 260 sales last year compared to a 10-year average of 312, indicating a less active market.

    Rent & Yield Trends

    Monthly rents in the broader DN area average £658, among the lowest in the country. Rental growth over ten years has been 3.2% annually, below the national trend. The flat yield currently stands at 6.0%, notably higher than its 10-year average of 5.1%, reflecting improving returns for buy-to-let investors despite modest rental growth.

    Income & Affordability Trends

    Average household income is £34,000, below the national average. The price-to-income ratio is 5.3x, slightly worse than in 2016 (5.2x), indicating that property affordability has tightened modestly. Rental affordability has improved, with rent-to-income now at 20.5% compared to 21.3% in 2016, suggesting rents have grown more slowly than incomes.

    Resident Demographic Profile

    The population has a notably high proportion of children under 15 (20% vs 17.5% nationally) and a strong cohort aged 50–64 (20.1% vs 19.8%), but fewer young adults aged 16–24 (9.4% vs 11%). Mortgage ownership is significantly higher than average at 33.7% versus 27%, while private renting is substantially lower at 14.8% versus 21.7%. The employment mix is distinctive, with above-average representation in plant and machine operation (12.5% vs 6.6%), trades (11.9% vs 10.5%), and caring roles (10.9% vs 9.2%), but considerably fewer professionals (16.1% vs 20.5%) and managers (9% vs 13.4%).

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