At a Glance
Average Property Price - NG34
£255,066
29
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG34
£38,217
50
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG34
3.8%
58
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The latest average property price in NG34 is £255,000, which sits below the national average. Over the past decade, prices have grown at an annualised rate of 3.8%, in line with national performance. Transaction activity has moderated: 620 sales were recorded in the latest full year, down from a 10-year average of 788 annually.
Rent & Yield Trends
Average monthly rents in the broader NG postcode area stand at £891, below the national average. Rental growth has been strong, with a 10-year annualised rate of 4.7% — among the fastest nationally. The flat yield has expanded meaningfully to 6.1%, significantly above its 10-year average of 4.8%, reflecting improved returns for landlords.
Income & Affordability Trends
Average net household income is £38,217, in line with the national median. Purchase affordability has tightened slightly: the current price-to-income ratio of 6.6x is up from 6.3x in 2016, suggesting home buying has become marginally less accessible. Rental affordability has similarly weakened: rents now consume 23.9% of income, compared with 23.1% in 2016.
Resident Demographic Profile
The population skews notably older than average, with those aged 65 and over representing 23.4% of residents — well above the national figure of 19.6%. Those aged 50–64 are also overrepresented at 22.4%. Conversely, young adults aged 16–24 are underrepresented at 8.8% compared to 11.0% nationally. Owner-occupation is above average, with 37.5% owning outright and 29.4% with a mortgage, whilst private rental tenure at 18.4% sits below the national average. The employment profile shows a higher concentration in technical roles at 14.1% and trades at 11.6%, offset by fewer professionals at 15.2% than the national average.