At a Glance
Average Property Price - NG1
£165,518
5
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG1
£34,359
28
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG1
1.1%
4
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
At £166,000, NG1 is among the cheapest postcodes nationally. Over the past decade, prices have grown by just 1.1% annually—well below the typical rate for the UK. Last year saw 70 property transactions, significantly lower than the 10-year average of 147 per year, reflecting weaker activity.
Rent & Yield Trends
Monthly rents in the wider NG postcode area average £891, placing it slightly below the national midpoint. Rent growth has been robust at 4.7% annually over the past decade, among the strongest in the country. The flat yield currently stands at 6.1%, notably ahead of its 10-year average of 4.8%, indicating an improving climate for rental investors.
Income & Affordability Trends
Average household income of £34,359 is below the national average, placing NG1 in the lower income quartile nationally. The price-to-income ratio has improved substantially from 6.1x in 2016 to 5.8x today, making owner-occupation marginally more affordable. Rental affordability has tightened slightly: the rent-to-income ratio has risen from 23.1% to 23.9%, meaning tenants now commit a larger share of earnings to housing.
Resident Demographic Profile
NG1 is exceptionally young: 49.3% of residents are aged 16–24, far above the national average of 11.0%, reflecting the dominant student population. Correspondingly, under-15s (8.2%) and over-65s (5.2%) are severely underrepresented. Housing tenure is dominated by private renting at 50.6% and social renting at 28.2%, with owner-occupation marginal at just 20.6% combined. The workforce skews towards professionals (25.9%, above average) and elementary roles (17.6%, above average), with skilled trades notably sparse at 4.6%.