At a Glance
Average Property Price - NG31
£229,218
21
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG31
£38,659
52
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG31
3.5%
47
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The latest average property price in NG31 is £229,000, placing it well below the national average and among the more affordable parts of the UK. Over the past decade, prices have grown at 3.5% annually—close to the national pace. Transaction activity has softened in recent years, with 597 sales in the latest full year compared to a 10-year average of 775, reflecting broader market trends.
Rent & Yield Trends
Monthly rents in the wider NG postcode area average £891, sitting below the national mid-point. Rental growth has been notably strong, rising at 4.7% per year over the past decade—among the fastest nationally. The rental yield has improved significantly, currently standing at 6.1% against a 10-year average of 4.8%, making the area increasingly attractive to buy-to-let investors.
Income & Affordability Trends
Average household income is £38,659, broadly in line with the national figure. The purchase affordability ratio has deteriorated slightly, rising from 5.5x income in 2016 to 5.9x today, reflecting faster price growth than wage rises. Rental affordability has also tightened modestly, with rent consuming 23.9% of income compared to 23.1% a decade ago.
Resident Demographic Profile
The age profile is slightly older than average, with notably fewer residents aged 16–24 (8.7% versus 11% nationally) and a higher concentration in the 50–64 bracket (20.6% versus 19.8%). Housing tenure is more strongly skewed towards mortgage ownership (30.9% versus 27% nationally) and away from social renting (12.3% versus 16.5%), suggesting a more owner-occupied market. The employment mix is notably tilted toward trades (11.3% versus 10.5% nationally) and elementary occupations (12.7% versus 10.2%), with fewer professionals (15.3% versus 20.5%).