At a Glance
Average Property Price - NE27
£239,735
25
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE27
£38,646
52
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE27
4.4%
77
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price of £240,000 sits below the national average, placing it among the cheaper quarters of the UK market. However, the area has experienced notably strong price growth over the past decade, with annualised increases of 4.4% outpacing the vast majority of UK postcodes. Transaction activity has slowed markedly in the latest year, with 219 sales against a 10-year average of 347 per annum.
Rent & Yield Trends
Monthly rents average £830, placing the area well below the national rent level. Rental growth over ten years has been broadly in line with the national trend, growing at 4.0% annually. The flat yield has improved recently to 6.0%, up from a 10-year average of 5.3%, reflecting favourable rental returns relative to capital values.
Income & Affordability Trends
Average household income of £39,000 is roughly in line with the national average. Purchase affordability has improved substantially since 2016, with the price-to-income ratio falling from 6.1x to 5.3x, indicating properties are now more accessible relative to local incomes. Rental affordability has moved slightly in the opposite direction, with the rent-to-income ratio rising from 24.1% to 26.2%, suggesting renters are spending a greater share of income on housing.
Resident Demographic Profile
The area has a notably higher proportion of families with children under 15 (20.3% versus 17.5% nationally) and a stronger working-age population in the 35–49 bracket (22% versus 18.7%). Mortgage ownership is significantly above average at 38.3% compared to 27.0% nationally, while outright ownership is below average. The professional workforce is above average at 23.3%, and technical employment is notably stronger than the national figure of 13.2%.