At a Glance
Average Property Price - NG12
£370,798
61
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG12
£49,299
87
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG12
3.5%
46
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The latest average property price in NG12 stands at £371,000, positioning it slightly above the midpoint of the national market. Ten-year price growth has averaged 3.5% per year, broadly in line with the national trend. Transaction activity has softened recently, with 571 sales in the latest full year compared to a 10-year average of 727, reflecting a decline from historical trading levels.
Rent & Yield Trends
Average monthly rent in the NG postcode area is £891, notably below the national average. However, rental growth has been exceptionally strong, with rents rising 4.7% per year over the past decade—substantially faster than the national average. Yields have strengthened markedly, reaching 6.1% in the latest period compared to a 10-year average of 4.8%, indicating improved rental returns.
Income & Affordability Trends
Household income in NG12 is well above the national average at £49,299, placing the area among the more affluent districts nationally. The price-to-income ratio of 8.0x has improved since 2016 (when it stood at 8.4x), suggesting affordability has become slightly less stretched. Rental affordability, however, has deteriorated; the rent-to-income ratio has risen to 23.9% from 23.1% in 2016, indicating rents are consuming a larger share of household income.
Resident Demographic Profile
The population is notably older than average, with 23.5% aged 65 and over compared to 19.6% nationally. Conversely, the 25–34 age group is underrepresented at 11.3%, suggesting limited young professional in-migration. Housing tenure leans heavily towards outright ownership at 41.7%—well above the national average of 33.7%—while private rental and social housing are both below national norms. The employment profile is distinctly skewed towards professionals (27%) and managers (17%), both well above national levels, while trades and elementary occupations are underrepresented.