At a Glance
Average Property Price - NG15
£258,487
30
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG15
£38,383
51
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG15
4.3%
75
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The latest average property price in NG15 is £258,000, placing it in the below-average range nationally. Over the past decade, prices have grown at 4.3% annually—a rate in the upper quartile nationally, outpacing most UK regions. Transaction volumes have declined notably, with 568 sales in the latest full year compared to a 10-year average of 847, suggesting softer recent demand.
Rent & Yield Trends
Average monthly rents in the broader NG area stand at £891, below the national average. Rental growth over the past decade has been strong at 4.7% annually, among the fastest in the country. The flat yield has improved considerably, rising to 6.1% in the latest year from a 10-year average of 4.8%, reflecting strengthening rental returns for investors.
Income & Affordability Trends
Average net household income is £38,383, broadly in line with the national median. Purchase affordability has tightened: the price-to-income ratio has risen from 6.2x in 2016 to 6.7x today, indicating property has become less affordable relative to earnings. Rental affordability has also weakened, with the rent-to-income ratio rising from 23.1% to 23.9%, leaving renters with slightly less disposable income.
Resident Demographic Profile
The age profile is broadly balanced with a slightly larger working-age population and a notably smaller young adult cohort (8.8% aged 16–24, below the national average of 11.0%). Owner-occupation is stronger than average, with 35.3% owning outright and 33.5% with a mortgage, while private rental (17.9%) is well below the national norm. The employment mix is heavily weighted towards trades (12.0%) and skilled manual work, reflecting the area's industrial character, with proportionally fewer professionals (17.9%) than the national average of 20.5%.