At a Glance
Average Property Price - NG21
£222,201
18
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG21
£37,960
49
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG21
5.1%
91
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The average property price in NG21 is £222,000, placing it well below the national average and among the most affordable districts nationally. Over the past decade, prices have grown at 5.1% annually—significantly faster than the national trend, ranking among the strongest-performing areas in the country. Transaction activity has moderated recently, with 368 sales in the latest year compared to a 10-year average of 467, suggesting a quieter market.
Rent & Yield Trends
Average monthly rent in the broader NG postcode area stands at £891, below the national average. Rents have risen at 4.7% per year over the past decade, well above the national pace. The flat yield has improved materially to 6.1%, up from a 10-year average of 4.8%, reflecting stronger rental returns relative to property values.
Income & Affordability Trends
Average household income of £38,000 is close to the national median. The price-to-income ratio of 5.9x has deteriorated since 2016 (when it was 5.1x), indicating that property values have outpaced wage growth and affordability has tightened for buyers. The rent-to-income ratio of 23.9% has also edged up from 23.1% in 2016, suggesting rental costs have absorbed a slightly larger share of household income.
Resident Demographic Profile
The area has a notably higher proportion of residents aged 50–64 (20.9% versus the national 19.8%) and a lower share of young adults aged 16–24 (8.8% versus 11.0%), reflecting an ageing population. Housing tenure is distinctive: mortgage-financed ownership is well above average at 34.7%, while private renting is considerably lower at 15.2%, suggesting stronger homeownership. The employment mix shows above-average concentrations in trades (13.3%), caring roles (12.6%), and elementary occupations (12.3%), with fewer professionals (14.2%) than the national norm.