At a Glance
Average Property Price - NE66
£327,569
51
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE66
£36,522
41
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE66
4.1%
70
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price of £328,000 sits at the national midpoint, reflecting neither a premium nor discount position. Over the past decade, prices have grown at 4.1% annually—a pace that ranks in the faster half of UK markets. Transaction activity has softened recently, with 269 sales in the latest year compared to a 10-year average of 337, suggesting a moderating market.
Rent & Yield Trends
Monthly rents average £830, placing the area well below the national average and reflecting the rural, lower-cost character of the region. Rental growth over ten years has matched the national trend at 4.0% annually. The flat yield currently stands at 6.0%, notably above its 10-year average of 5.3%, indicating improved returns for buy-to-let investors despite softer transaction volumes.
Income & Affordability Trends
Average household income of £36,522 sits below the national median. Purchase affordability has deteriorated: the price-to-income ratio has risen from 7.5x in 2016 to 8.7x, reflecting prices outpacing wage growth over that period. Rental affordability has similarly worsened, with the rent-to-income ratio climbing from 24.1% to 26.2%, indicating tenants now spend a larger share of income on housing.
Resident Demographic Profile
The population is notably older than the national average, with 30.4% aged 65 and above—well above the 19.6% national figure—and only 13.7% under 15, considerably below the 17.5% national benchmark. Outright home ownership is strong at 41.4%, reflecting the older demographic profile and established communities. The employment mix tilts towards trades (15.0%) and caring roles (10.1%), reflecting the rural character and presence of an aging population requiring support services.