At a Glance
Average Property Price - NN2
£267,455
33
National percentile
Average Monthly Rent - NN
£1,027
52
National percentile
Average Net Household Income - NN2
£36,271
39
National percentile
Flat / Maisonette Yield - NN
6.6%
96
National percentile
10-Year Annualised Price Growth - NN2
4.5%
81
National percentile
10-Year Annualised Rent Growth - NN
4.6%
86
National percentile
Property Price & Volume Trends
The average property price in NN2 is £267,000, placing it below the national average. Price growth over the past decade has been strong at 4.5% per year, among the fastest-growing markets nationally. Transaction volumes have eased somewhat in the latest year, with 529 sales recorded against a 10-year average of 702 annually.
Rent & Yield Trends
Monthly rents in the broader NN postcode area average £1,027, close to the national midpoint. Rental growth over ten years has been robust at 4.6% annually, outpacing most UK markets. The flat yield currently stands at 6.6%, notably higher than its 10-year average of 5.5%, reflecting a favourable shift for landlords seeking income returns.
Income & Affordability Trends
Average household income in NN2 is £36,271, slightly below the national median. The price-to-income ratio has tightened from 7.1x in 2016 to 7.4x today, indicating that property has become marginally less affordable relative to earnings. Rental affordability has similarly softened: the rent-to-income ratio has risen from 26.6% to 28%, suggesting tenants are spending a larger share of income on housing.
Resident Demographic Profile
NN2 shows a notably younger age profile than the national average, with 20.8% of residents aged 35–49 and only 15.6% aged 65 or over, compared to 19.6% nationally. The tenure mix reflects stronger private renting (23.9% versus 21.7% nationally) and higher social renting (20.2% versus 16.5%), whilst owner-occupation is below average at 53.8%. Employment is dominated by elementary occupations at 19.1%, well above the national average of 10.2%, alongside higher representation in caring and plant/machine roles and notably lower presence of professionals and managers.