At a Glance
Average Property Price - NE7
£268,320
33
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE7
£43,944
73
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE7
3.2%
36
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price of £268,320 sits well below the national level. Over the past decade, prices have grown at 3.2% annually—a pace that lags behind national trends. Transaction activity in the latest year stood at 189, down from a 10-year average of 225, indicating a gentler sales market.
Rent & Yield Trends
At £830 per month, rents are noticeably below the national average. Rental growth has outpaced the national trend, rising 4.0% annually over the past decade. The flat yield currently stands at 6.0%, up from a 10-year average of 5.3%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £44,000 is well above the national figure. The price-to-income ratio of 5.7x has improved since 2016 (5.9x), meaning homes have become more affordable relative to earnings. Rental affordability has tightened, however: renters now spend 26.2% of income on rent compared to 24.1% in 2016.
Resident Demographic Profile
The area has a notably strong professional workforce, with 35.6% in professional roles against a national average of 20.5%. Mortgage ownership is elevated at 33.5% versus 27.0% nationally, and outright ownership is also above average at 35.2%. Social rented housing is markedly lower than the national average at 10.5% compared to 16.5%, reflecting the area's relative affluence and established ownership profile.