At a Glance
Average Property Price - NG23
£386,837
64
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG23
£43,543
71
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG23
4.3%
76
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The average property price in NG23 is £387,000, placing it around the national middle ground. Over the past decade, prices have grown at 4.3% annually—notably above the national average, reflecting steadier recovery and growth than many comparable areas. However, transaction volume has slowed; the postcode saw 224 sales in the latest full year, down from an average of 289 over the preceding decade.
Rent & Yield Trends
Average monthly rent across the broader NG area stands at £891, below the national average. Rents have grown at 4.7% annually over ten years—among the fastest-growing in the country—signalling strong lettings demand. The flat yield is currently 6.1%, a marked improvement from its ten-year average of 4.8%, indicating better returns for buy-to-let investors in recent times.
Income & Affordability Trends
Average household income in NG23 is £43,543, placing it above the national average. The price-to-income ratio has drifted slightly from 8.4x in 2016 to 8.6x today, suggesting purchase affordability has tightened marginally over the period. Rental affordability has similarly weakened; the rent-to-income ratio has risen from 23.1% to 23.9%, reflecting that rents are now consuming a slightly larger share of typical household budgets.
Resident Demographic Profile
NG23 has a notably older population profile, with those aged 50–64 representing 24% (well above the 19.8% national average) and those over 65 forming 27.1% (compared to 19.6% nationally). Housing tenure is weighted towards outright ownership at 45.6%, significantly higher than the 33.7% national figure, though this correlates with the older age structure. The workforce shows particular strength in managerial and professional roles, which together account for 37.2%—well above the combined national average of 33.9%—while caring sector employment is below average.