At a Glance
Average Property Price - NP23
£164,991
5
National percentile
Average Monthly Rent - NP
£858
28
National percentile
Average Net Household Income - NP23
£31,064
11
National percentile
Flat / Maisonette Yield - NP
6.0%
71
National percentile
10-Year Annualised Price Growth - NP23
5.5%
94
National percentile
10-Year Annualised Rent Growth - NP
4.9%
94
National percentile
Property Price & Volume Trends
The average property price in NP23 is £165,000, placing it among the cheapest nationally. Despite this low price level, the area has delivered impressive growth: annualised gains of 5.5% over the past decade put it among the strongest performers across the UK. Transaction activity has slowed recently, with 301 sales in the latest year compared to a 10-year average of 401—a decline of about a quarter.
Rent & Yield Trends
Average monthly rent stands at £858, below the national midpoint. Rental growth has been robust, however, with rents rising at 4.9% per year over the decade—among the fastest-growing areas nationally. Flat yield has improved materially, moving from a 10-year average of 5.1% to a current 6.0%, reflecting the stronger rental backdrop relative to price growth.
Income & Affordability Trends
Average household income is £31,064, significantly below the national average. This low income relative to property prices creates affordability strain: the price-to-income ratio stands at 5.3x, worsening notably from 3.9x in 2016. Rental affordability has also deteriorated slightly, with rent-to-income rising from 23.1% to 24.1% over the same period.
Resident Demographic Profile
The population skews older than the national average, with 20.2% aged 65 and above (compared to 19.6% nationally) and 21.7% aged 50–64 (against 19.8% nationally). Social rented housing is notably above average at 23.6%, reflecting the area's more disadvantaged profile. Employment is dominated by caring roles (15.4%, well above the 9.2% national average) and plant/machine operators (13.2% against 6.6% nationally), with professionals significantly underrepresented at 12.1%.