At a Glance
Average Property Price - NE36
£258,290
30
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE36
£41,092
62
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE36
3.1%
32
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price of £258,290 is below the national average. Annual price growth over the past decade has been 3.1%, which is below the pace seen across England and Wales overall. Transaction activity has eased compared with the 10-year trend, with 87 sales in the latest full year against an average of 105 annually.
Rent & Yield Trends
Monthly rents average £830, placing the area below the national median. Rent growth over the past decade has averaged 4.0% annually—close to the national rate. The flat yield currently stands at 6.0%, notably above its 10-year average of 5.3%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £41,092 is above the national median. Affordability for buyers has strengthened substantially: the price-to-income ratio has improved from 6.8x in 2016 to 5.7x today. Rental affordability has tightened slightly, with the rent-to-income ratio rising from 24.1% to 26.2% over the same period.
Resident Demographic Profile
The population skews notably older, with over-50s representing 47% of residents compared to 39% nationally; those aged 65 and over account for nearly a quarter of the population. Outright home ownership is unusually high at 43%, and private renting is significantly lower than average at 9%. The workforce is weighted towards professionals and technical roles, with administrative employment also above the national norm.