At a Glance
Average Property Price - NN16
£222,624
19
National percentile
Average Monthly Rent - NN
£1,027
52
National percentile
Average Net Household Income - NN16
£35,451
34
National percentile
Flat / Maisonette Yield - NN
6.6%
96
National percentile
10-Year Annualised Price Growth - NN16
4.5%
80
National percentile
10-Year Annualised Rent Growth - NN
4.6%
86
National percentile
Property Price & Volume Trends
The average property price in NN16 stands at £223,000, placing it well below the national average. Over the past decade, prices have grown at 4.5% annually—among the fastest rates nationally—reflecting steady demand despite the lower baseline. Transaction volumes have declined from their 10-year average of 441 per year to 330 in the latest year, suggesting a softening in market activity.
Rent & Yield Trends
Average monthly rents in the broader NN area are around £1,027, broadly in line with the national median. Rental growth over the past decade has been strong at 4.6% annually, outpacing national trends. Flat yields have improved to 6.6%, up from a 10-year average of 5.5%, indicating strengthening rental returns for investors.
Income & Affordability Trends
Average household income in NN16 is £35,451, notably below the national average. The price-to-income ratio stands at 6.2x, representing a deterioration from 5.3x in 2016, meaning properties have become less affordable relative to local earnings. Rental affordability has also worsened: the rent-to-income ratio has risen to 28% from 26.6%, indicating a larger portion of household income is now consumed by rent.
Resident Demographic Profile
The area has a slightly larger proportion of young families, with under-15s at 19.4% versus the national 17.5%, and a notably stronger representation of 35–49 year-olds at 20.9%. Conversely, young adults aged 16–24 are underrepresented at 9.5%. Housing tenure shows higher private renting (28.7% against a national 21.7%) and lower outright ownership (25.3% versus 33.7%), reflecting greater residential mobility. Employment is distinctive for a higher share of elementary workers at 15.8% and plant/machine operators at 9.6%, both well above national norms, alongside fewer professionals and managers than average.