At a Glance
Average Property Price - NG24
£240,332
25
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG24
£36,370
40
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG24
4.2%
73
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The average property price in NG24 is £240,000, placing it well below the national average. Over the past decade, prices have grown at 4.2% per year—above the typical pace nationally, reflecting solid but unspectacular appreciation. Transaction activity has softened recently, with 751 sales last year compared to an annual average of 897 over the previous ten years.
Rent & Yield Trends
Average monthly rent across the broader NG postcode area stands at £891, below the national median. Rental growth has been notably strong at 4.7% per year—among the fastest nationally—outpacing general house price inflation. The flat yield has expanded to 6.1%, well above its ten-year average of 4.8%, signalling improving returns for landlords.
Income & Affordability Trends
Household income in the area averages £36,370 per year, slightly below the national median. Purchase affordability has deteriorated: the price-to-income ratio now stands at 6.6x, up from 5.7x in 2016, making buying more challenging for local earners. Rental affordability has also tightened marginally, with rent now consuming 23.9% of average income compared to 23.1% a decade ago.
Resident Demographic Profile
The population skews slightly older than average, with a notably smaller share of young adults aged 16–24 at 9.4% compared to the national 11%. Employment is weighted towards elementary roles (15.6% vs 10.2% nationally) and plant/machine operation (12.2% vs 6.6%), reflecting the area's industrial heritage, whilst professional occupations (13.1%) are underrepresented. Housing tenure shows a slightly elevated private rental share at 24.1% and marginally higher social rented provision at 17.2%, suggesting stronger demand for non-ownership routes.