At a Glance
Average Property Price - NN29
£308,352
44
National percentile
Average Monthly Rent - NN
£1,027
52
National percentile
Average Net Household Income - NN29
£37,833
48
National percentile
Flat / Maisonette Yield - NN
6.6%
96
National percentile
10-Year Annualised Price Growth - NN29
3.2%
34
National percentile
10-Year Annualised Rent Growth - NN
4.6%
86
National percentile
Property Price & Volume Trends
The average property price in NN29 stands at £308,000, close to the national midpoint. Over the past decade, prices have grown at 3.2 per cent annually—a modest pace, notably slower than the UK average. Transaction activity last year was 170 sales, slightly below the 10-year average of 182, suggesting a steady but not particularly buoyant market.
Rent & Yield Trends
Average monthly rent in the broader NN postcode area is £1,027, broadly in line with national averages. Rental growth over the past decade has been strong at 4.6 per cent annually, significantly outpacing the national rate. The current flat yield of 6.6 per cent is a marked improvement on the 10-year average of 5.5 per cent, reflecting a genuine strengthening in rental returns.
Income & Affordability Trends
Household incomes in NN29 average £37,833, slightly below the national average. The price-to-income ratio has risen to 8.5 times from 7.3 times in 2016, making property ownership less affordable for local buyers than it was a decade ago. Rental affordability has also tightened: the rent-to-income ratio has crept up from 26.6 per cent to 28 per cent, indicating a rising burden on tenants' budgets.
Resident Demographic Profile
The population skews notably older than the national average, with 22.5 per cent aged 65 and over (against 19.6 per cent nationally) and only 8.2 per cent aged 16–24 (against 11.0 per cent nationally). Housing tenure is dominated by outright ownership at 39 per cent, well above the national 33.7 per cent, while private renting is less common at 17.1 per cent. The employment mix is relatively balanced, with a slightly stronger representation of trades workers at 12 per cent and a notably lower share of caring roles at 8.3 per cent compared to the national average.