At a Glance
Average Property Price - NG5
£237,585
24
National percentile
Average Monthly Rent - NG
£891
32
National percentile
Average Net Household Income - NG5
£36,126
38
National percentile
Flat / Maisonette Yield - NG
6.1%
81
National percentile
10-Year Annualised Price Growth - NG5
4.6%
82
National percentile
10-Year Annualised Rent Growth - NG
4.7%
87
National percentile
Property Price & Volume Trends
The average property price in NG5 is £238,000, placing it well below the national average and among the more affordable postcodes nationally. Over the past decade, prices have grown at 4.6% per year, significantly faster than the national trend. Transaction activity has softened recently, with 988 sales in the latest full year compared to a 10-year average of 1,211 per year.
Rent & Yield Trends
Average monthly rent in the broader NG area is £891, below the national midpoint. Rental growth over the past decade has been strong at 4.7% per year, well ahead of national rates. The current flat yield of 6.1% is notably above its 10-year average of 4.8%, indicating improved returns for buy-to-let investors in the area.
Income & Affordability Trends
Average household income in NG5 stands at £36,126, slightly below the national median. The price-to-income ratio of 6.1x has worsened since 2016 (then 5.5x), reflecting price growth outpacing wage increases. Rental affordability has also tightened, with the rent-to-income ratio rising from 23.1% in 2016 to 23.9% today.
Resident Demographic Profile
The age profile is broadly balanced against national norms, though there is a slightly elevated share of under-15s at 19.1% and a lower share of young adults aged 16–24 at 9.8%. Housing tenure shows a higher proportion of owner-occupiers with mortgages (29.6% vs 27.0% nationally) and notably fewer living in shared ownership (0.4% vs 1.0%). The employment mix is weighted towards caring professions (10.7% vs 9.2% nationally) and elementary roles (11.8% vs 10.2%), while managerial roles are less common than average at 10%.