At a Glance
Average Property Price - NP15
£414,811
70
National percentile
Average Monthly Rent - NP
£858
28
National percentile
Average Net Household Income - NP15
£40,581
61
National percentile
Flat / Maisonette Yield - NP
6.0%
71
National percentile
10-Year Annualised Price Growth - NP15
2.9%
25
National percentile
10-Year Annualised Rent Growth - NP
4.9%
94
National percentile
Property Price & Volume Trends
The average property price of £415,000 sits above the national median, placing it among the more expensive districts nationally. Over the past decade, prices have grown at 2.9% annually — below the national average, suggesting modest but steady appreciation. Transaction activity has softened; the latest year saw 72 sales compared to a 10-year average of 98, indicating a slowdown in market turnover.
Rent & Yield Trends
Average monthly rent of £858 is notably below the national average, reflecting the district's lower rental demand profile. Rents have, however, grown robustly at 4.9% annually over a decade — among the fastest growth rates nationally. The current flat yield of 6.0% is above its 10-year average of 5.1%, signalling improving returns for landlords despite lower absolute rent levels.
Income & Affordability Trends
Average net household income of £41,000 sits slightly above the national median. The price-to-income ratio of 10.8x has deteriorated since 2016 (when it stood at 9.0x), meaning property has become less affordable relative to local earnings. Rental affordability has also tightened marginally; the rent-to-income ratio has risen from 23.1% to 24.1%, though it remains manageable.
Resident Demographic Profile
The population skews significantly older: those aged 50–64 account for over a quarter, and pensioners (65+) nearly 30%, both well above national averages. Conversely, younger age groups are underrepresented; under-15s are 12.8% and 16–24s just 7.2%, suggesting limited family settlement. Owner-occupation is exceptionally strong at 49.7% outright ownership, nearly 50% above the national figure. The employment mix reflects an older, more prosperous demographic: managers and professionals together represent over 42% of the workforce, significantly above the national combined figure of 33.9%.