At a Glance
Average Property Price - NN8
£265,255
32
National percentile
Average Monthly Rent - NN
£1,027
52
National percentile
Average Net Household Income - NN8
£34,743
30
National percentile
Flat / Maisonette Yield - NN
6.6%
96
National percentile
10-Year Annualised Price Growth - NN8
5.1%
90
National percentile
10-Year Annualised Rent Growth - NN
4.6%
86
National percentile
Property Price & Volume Trends
The average property price of £265,000 sits below the national midpoint, placing it among the more affordable areas nationally. Over the past decade, prices have grown at 5.1% annually—a notably strong performance that ranks among the fastest-growing regions in the UK. Transaction volumes have moderated recently, with 665 sales in the latest year compared to a 10-year average of 798, suggesting a slight cooling in market activity.
Rent & Yield Trends
The average monthly rent of £1,027 is close to the national average, indicating broadly typical rental levels for the area. Rent growth over ten years has averaged 4.6% per year, placing the region in the upper tier nationally for rental appreciation. The flat yield currently stands at 6.6%, a meaningful uplift from the 10-year average of 5.5%, reflecting improved returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £35,000 sits noticeably below the national average, placing the area among lower-income regions. The price-to-income ratio of 8.0x has risen from 6.2x in 2016, indicating that property prices have outpaced earnings growth significantly over this period, making purchase affordability notably tighter. Rental affordability has similarly worsened, with rent consuming 28% of household income today compared to 27% six years ago.
Resident Demographic Profile
The population skews slightly older, with above-average shares of those aged 35–49 and under-15s, whilst the young-adult bracket (16–24) is materially underrepresented. The employment profile is notably weighted towards elementary occupations (20% of the workforce) and plant/machine roles (11%), well above national norms, reflecting the area's manufacturing and logistics heritage. Owner-occupied housing (with and without mortgage) dominates the tenure mix at 58%, whilst private rental has grown to 24%, above the national average.