At a Glance
Average Property Price - NN12
£402,366
67
National percentile
Average Monthly Rent - NN
£1,027
52
National percentile
Average Net Household Income - NN12
£45,486
77
National percentile
Flat / Maisonette Yield - NN
6.6%
96
National percentile
10-Year Annualised Price Growth - NN12
2.2%
12
National percentile
10-Year Annualised Rent Growth - NN
4.6%
86
National percentile
Property Price & Volume Trends
The average property price in NN12 is £402,000, placing it among the more expensive areas nationally. However, the area has experienced only modest growth over the past decade, with annualised price rises of 2.2%—significantly below the national average. Transaction activity has also softened, with 455 sales in the latest year compared to a 10-year average of 544, suggesting a quieter market.
Rent & Yield Trends
Average monthly rent in the broader NN postcode stands at £1,027, close to the national midpoint. Rental growth has been notably strong, rising at 4.6% annually over the past decade—well above the typical pace across the UK. Flat yields have moved in a positive direction, currently sitting at 6.6% compared to a 10-year average of 5.5%, reflecting improved returns for landlords.
Income & Affordability Trends
Average household income in NN12 is £45,486, placing it in the upper third nationally. The price-to-income ratio of 8.5x has improved from 8.9x in 2016, indicating that property has become somewhat more affordable relative to earnings. Rental affordability has moved in the opposite direction: the rent-to-income ratio has risen from 26.6% to 28%, suggesting rents are claiming a slightly larger share of household income.
Resident Demographic Profile
NN12 has a notably older population profile, with those aged 50–64 representing 21.4% against a national average of 19.8%, and a markedly lower proportion of young adults aged 16–24 (8.4% versus 11.0%). Housing tenure shows a strong bias towards owner-occupation: 37.2% own with a mortgage—well above the 27.0% national average—whilst private rental is underrepresented at 13.7% compared to 21.7% nationally. The employment mix is distinguished by above-average representation among managers (17.8% versus 13.4% nationally) and technical roles (15.1% versus 13.2%), reflecting a more skilled, settled workforce.