At a Glance
Average Property Price - NN3
£297,164
41
National percentile
Average Monthly Rent - NN
£1,027
52
National percentile
Average Net Household Income - NN3
£38,622
52
National percentile
Flat / Maisonette Yield - NN
6.6%
96
National percentile
10-Year Annualised Price Growth - NN3
4.0%
67
National percentile
10-Year Annualised Rent Growth - NN
4.6%
86
National percentile
Property Price & Volume Trends
The current average property price in NN3 is £297,000, which sits slightly below the national midpoint. Over the past decade, prices have grown at 4.0% annually—a pace somewhat slower than the national average. Transaction activity has declined notably, with 783 sales recorded in the latest year compared to a 10-year average of 1,025, suggesting reduced market momentum.
Rent & Yield Trends
Average monthly rent in the broader NN postcode area stands at £1,027, close to the national median. Rental growth over the past decade has been particularly strong at 4.6% per annum, well above the national average. The flat yield has improved to 6.6%, up from a 10-year average of 5.5%, reflecting a tightening of the rental market and rising investor returns.
Income & Affordability Trends
Household incomes in NN3 average £38,622 per year, in line with the national norm. The price-to-income ratio of 7.3x has improved modestly from 7.4x in 2016, suggesting gradually better purchasing power relative to property costs. However, rental affordability has tightened; the rent-to-income ratio has risen from 26.6% to 28%, indicating that a larger share of household income is now required to cover rental costs.
Resident Demographic Profile
The area has a slightly higher proportion of children aged under 15 at 20.5% versus the national average of 17.5%, reflecting its appeal to families. Owner-occupation is stronger than average, with 31.3% owning with a mortgage compared to 27.0% nationally. The employment profile shows a notable concentration in elementary occupations at 17.8%—well above the national figure of 10.2%—alongside below-average representation in professional and managerial roles.