At a Glance
Average Property Price - NP16
£388,070
65
National percentile
Average Monthly Rent - NP
£858
28
National percentile
Average Net Household Income - NP16
£39,395
55
National percentile
Flat / Maisonette Yield - NP
6.0%
71
National percentile
10-Year Annualised Price Growth - NP16
4.3%
74
National percentile
10-Year Annualised Rent Growth - NP
4.9%
94
National percentile
Property Price & Volume Trends
The average property price in NP16 stands at £388,000, positioning it above the national middle ground. Over the past decade, prices have grown at 4.3% annually—a pace faster than most UK areas. Transaction volumes have moderated recently, with 283 sales in the latest year against a 10-year average of 375, suggesting a tightening of market activity.
Rent & Yield Trends
Monthly rental costs in the broader NP postcode area average £858, well below the national typical rent. Rents have risen at 4.9% per year over ten years—among the strongest rental growth anywhere in the UK. The current gross yield stands at 6.0%, up from a 10-year average of 5.1%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income in NP16 sits close to the national median at £39,395. The price-to-income ratio of 9.4x has risen since 2016 (when it stood at 8.4x), indicating that property has become less affordable relative to earnings over that period. Rental affordability has also tightened modestly: the rent-to-income ratio has shifted from 23.1% to 24.1% in the same timeframe.
Resident Demographic Profile
The population is notably older than the national profile: those aged 50–64 comprise 23.3% (against 19.8% nationally) and those 65 and over account for 23.7% (versus 19.6% nationally). The younger working-age cohorts are correspondingly smaller. Housing tenure reflects a strong preference for outright ownership at 40.2%, well above the national average of 33.7%, whilst private renting is less common at 15.3%. Managerial roles are somewhat over-represented at 15.1% of employment, while caring occupations are proportionally fewer.