At a Glance
Average Property Price - NG16
£232,150
22
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG16
£34,652
29
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG16
4.8%
85
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The average property price of £232,150 sits below the national average, placing it among the more affordable areas nationally. However, the district has experienced notably strong growth over the past decade, with prices rising at 4.8% annually—a rate well above the typical UK pace. Transaction volumes have softened recently, with 797 sales in the latest year compared to a 10-year average of 1,025, suggesting a moderating market.
Rent & Yield Trends
Average monthly rent of £891 is below the national median, reflecting the area's affordability profile. Rental growth has been robust, averaging 4.7% per year over the past decade—well above the national trend—indicating steady demand from tenants. The flat yield currently stands at 6.1%, a meaningful uplift from the 10-year average of 4.8%, signalling improving returns for buy-to-let investors.
Income & Affordability Trends
Household incomes average £34,652, below the national figure and placing the area in the lower third nationally. The price-to-income ratio of 6.6x has risen since 2016 (when it stood at 5.5x), meaning property has become less affordable relative to local earnings. Rental affordability has also tightened slightly: the rent-to-income ratio has edged up from 23.1% to 23.9%, though it remains at a manageable level.
Resident Demographic Profile
The population is notably older than the national average, with over 22% aged 65 and above (compared to 19.6% nationally) and a correspondingly smaller young adult cohort: just 8.4% aged 16–24, well below the 11% national norm. Housing tenure is skewed towards outright ownership at 40%, significantly above the national 33.7%, while private rental is correspondingly lower at 14% against 21.7% nationally. Employment is marked by a higher proportion of trades workers (13.3% vs 10.5% nationally) and administrative staff (10% vs 9% nationally), with notably fewer professionals (15.8% vs 20.5%) than the UK average.