At a Glance
Average Property Price - NP12
£223,761
19
National percentile
Average Monthly Rent - NP
£858
28
National percentile
Average Net Household Income - NP12
£34,222
27
National percentile
Flat / Maisonette Yield - NP
6.0%
71
National percentile
10-Year Annualised Price Growth - NP12
5.7%
95
National percentile
10-Year Annualised Rent Growth - NP
4.9%
94
National percentile
Property Price & Volume Trends
The latest average property price in NP12 is £224,000, which sits well below the national average — among the cheapest fifth of UK postcodes. Despite this modest level, the area has seen exceptional price growth over the past decade, with annualised gains of 5.7% placing it among the fastest-growing postcodes nationally. Transaction activity has eased slightly, with 363 sales in the latest year compared to a 10-year average of 432, reflecting normal market variation.
Rent & Yield Trends
Average monthly rent in the broader NP area stands at £858, placing it below the national median. Rental growth has been strong at 4.9% per year over the past decade, among the fastest nationally. The flat yield has risen to 6.0%, up from a 10-year average of 5.1%, indicating improving returns for buy-to-let investors as capital values have grown faster than rents.
Income & Affordability Trends
Average net household income is £34,222, notably below the national average and among the lower-earning fifth of UK areas. The price-to-income ratio has risen to 5.9x from 5.0x in 2016, meaning affordability for first-time buyers has deteriorated over the past eight years despite modest absolute prices. Rental affordability has similarly weakened, with rent now consuming 24.1% of income compared to 23.1% in 2016.
Resident Demographic Profile
The population skews older than national norms, with those aged 50–64 and 65+ together representing 42% of residents compared to 39.4% nationally. Outright home ownership is notably higher at 38% versus the national 33.7%, while private rental tenure is significantly lower at 11.7% against 21.7% nationally. The employment profile shows fewer professionals (15.2% vs 20.5% nationally) and is weighted more heavily towards trades, caring, and plant/machine roles, reflecting a more traditional industrial and service-based economy.