At a Glance
Average Property Price - NG3
£245,300
26
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG3
£32,727
17
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG3
4.7%
84
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The latest average price of £245,300 sits well below the national average, placing it among the more affordable postcode districts. Over the past decade, prices have grown at 4.7% annually—significantly faster than the typical UK pace, reflecting strong capital appreciation for the area. However, transaction activity has softened in recent years; last year saw 491 sales compared to a 10-year average of 671, indicating a cooling in turnover.
Rent & Yield Trends
Average monthly rent of £891 is modestly below the national median, making it an affordable area to rent. Rental growth has been robust at 4.7% per year, outpacing inflation and the wider UK trend. The flat yield currently stands at 6.1%, notably above its 10-year average of 4.8%, signalling improved returns for buy-to-let investors in the current environment.
Income & Affordability Trends
Average household income of £33,000 is well below the national average, placing the area among the lowest-earning districts nationally. This lower income base has pushed affordability pressure: the price-to-income ratio of 7.8x is notably higher than the 6.5x seen in 2016, suggesting purchasing power has been squeezed. Rental affordability has also edged tighter, with rent now consuming 23.9% of income versus 23.1% six years ago.
Resident Demographic Profile
The area has a distinctly younger profile than the national average: the 16–24 age group comprises over 23% of the population, more than double the typical figure, likely reflecting student housing and younger working populations. Social rented housing is unusually prevalent at 26.6% of tenure, significantly above the 16.5% national average, while outright ownership is notably lower at 22.5%. The employment mix skews towards elementary occupations (15.8% versus a national 10.2%) and caring roles (10.4% versus 9.2%), with fewer managers than the UK average.