At a Glance
Average Property Price - NG32
£348,443
56
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG32
£42,133
67
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG32
2.7%
20
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The average property price in NG32 is £348,000, broadly in line with the national middle ground. Over the past decade, prices have grown at 2.7% per year—notably slower than the national average, suggesting more muted capital appreciation. Transaction volumes have softened recently, with 128 sales in the latest full year compared to a 10-year average of 172, reflecting a decline in market activity.
Rent & Yield Trends
Average monthly rent in the wider NG postcode area stands at £891, below the national average. Rents have grown strongly at 4.7% per year over the past decade—among the fastest nationally—indicating rising rental demand. The flat yield has improved to 6.1%, up from a 10-year average of 4.8%, suggesting rental returns have become more attractive in recent years.
Income & Affordability Trends
Average household income of £42,133 is above the national median. Purchase affordability has improved materially: the price-to-income ratio has fallen from 10.1x in 2016 to 7.9x today, making properties significantly more accessible relative to local earnings. Rental affordability has shifted slightly in the opposite direction, with the rent-to-income ratio rising from 23.1% to 23.9%, though it remains reasonable.
Resident Demographic Profile
The population is notably older, with over a quarter aged 65 and above compared to 19.6% nationally, and those aged 50–64 also substantially overrepresented. Conversely, younger adults aged 16–24 and 25–34 are scarce, at less than 8% each. Housing is characterised by high outright ownership at 44.3%—well above the 33.7% national average—while private renting is underrepresented. The employment profile is weighted towards managers and professionals, who together account for over a third of the workforce, with notably fewer workers in elementary and sales roles.