At a Glance
Average Property Price - NE30
£319,554
48
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE30
£39,768
57
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE30
4.2%
72
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price of £320,000 sits close to the national midpoint, reflecting a broadly typical market. Over the past decade, prices have grown by 4.2% annually—a pace notably faster than most UK districts. Transaction activity has softened, with 306 sales last year against a 10-year average of 411, suggesting a dip in turnover.
Rent & Yield Trends
Monthly rents average £830, placing the area well below the national average and making it relatively affordable for tenants. Rent growth has been steady at 4.0% annually, keeping pace with the national norm. Buy-to-let yields stand at 6.0%, an uptick from the 10-year average of 5.3%, indicating improving returns for investors.
Income & Affordability Trends
Average household income of £40,000 is slightly above the national median, supporting reasonable purchasing power. The price-to-income ratio of 7.5x has actually improved since 2016 (7.8x), suggesting homes have become slightly more affordable relative to local earnings. However, rental affordability has tightened: the rent-to-income ratio has risen from 24.1% to 26.2%, placing greater pressure on renting households.
Resident Demographic Profile
The population skews notably older, with nearly a quarter aged 65 and over—well above the 19.6% national average—and a below-average share of young adults aged 16–24 (7.1% versus 11.0%). Homeownership is strong, with 37.5% owning outright and a combined 66.9% in owner-occupation, both meaningfully above national levels. The employment profile is heavily weighted towards professionals (28.6%), nearly 50% above the national average, whilst trades and elementary roles are underrepresented.