At a Glance
Average Property Price - NE71
£233,812
22
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE71
£30,959
11
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE71
4.0%
66
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The latest average property price of £234,000 sits below the national average, placing it among the more affordable areas nationally. Over the past decade, prices have grown at 4.0% annually—slightly above the national average rate, showing steady but measured appreciation. Transaction activity has been relatively stable, with 48 sales in the latest year compared to a 10-year average of 52 per year.
Rent & Yield Trends
Average monthly rents of £830 are below the national average, reflecting the area's lower cost of living. Rental growth over the past decade has been in line with the national rate at 4.0% per annum. The flat yield currently stands at 6.0%, meaningfully higher than the 10-year average of 5.3%, indicating improving returns for rental investors in the area.
Income & Affordability Trends
Average household income of £31,000 is notably below the national average, placing the area among the lower-income regions. The price-to-income ratio of 7.6x has risen since 2016 (when it was 6.2x), indicating that property affordability has worsened for buyers despite modest price growth. Rental affordability has also deteriorated; the rent-to-income ratio has climbed from 24.1% in 2016 to 26.2% today, squeezing renters' household budgets.
Resident Demographic Profile
The population is markedly older than the national average, with over one-third aged 65 or above compared to just under one-fifth nationally, and those aged 50–64 representing 26% against a national figure of 20%. Young adults aged 16–24 are significantly underrepresented at 5.8% versus 11% nationally. The tenure mix shows notably higher outright ownership at 42% (versus 34% nationally) and elevated private renting at 27%, while mortgage ownership is well below average at 16%. Trades workers form an unusually large share of employment at 18% against a national 11%, reflecting the area's rural and artisanal economy, whilst professional employment is correspondingly lower at 12% versus 21% nationally.