At a Glance
Average Property Price - NP24
£120,217
1
National percentile
Average Monthly Rent - NP
£858
28
National percentile
Average Net Household Income - NP24
£29,357
6
National percentile
Flat / Maisonette Yield - NP
6.0%
71
National percentile
10-Year Annualised Price Growth - NP24
6.8%
99
National percentile
10-Year Annualised Rent Growth - NP
4.9%
94
National percentile
Property Price & Volume Trends
The latest average property price of £120,000 places NP24 among the cheapest areas nationally. Over the past decade, prices have risen at an annualised rate of 6.8%, which ranks among the fastest growth rates across the country. Transaction volumes have softened recently, with 38 sales in the latest full year against a 10-year average of 54 per year.
Rent & Yield Trends
Average monthly rents of £858 sit well below the national median, reflecting the area's modest price base. Rental growth over the past decade has averaged 4.9% per year, placing it among the fastest-growing rental markets nationally. The flat yield currently stands at 6.0%, notably above the 10-year average of 5.1%, signalling improving returns for landlords.
Income & Affordability Trends
Average net household income of £29,357 is substantially below the national average, placing the area in the lowest income band nationally. The current price-to-income ratio of 3.7x represents a meaningful deterioration from 2.8x in 2016, reflecting how price growth has outpaced local wage growth. Rental affordability has also tightened slightly, with rent-to-income rising from 23.1% in 2016 to 24.1% today.
Resident Demographic Profile
The population skews noticeably older, with over a fifth aged 65 or above, compared to the national average of under one-fifth. The area is characterised by a strong manual and trade workforce: elementary occupations (16.2%) and caring roles (14.6%) are both well above national levels, while professional and managerial employment is significantly underrepresented. Housing is predominantly owner-occupied, with 37.3% owning outright—above the national 33.7%—whilst private rental tenure at 18.4% sits below the national average of 21.7%.