At a Glance
Average Property Price - NP4
£201,601
13
National percentile
Average Monthly Rent - NP
£858
28
National percentile
Average Net Household Income - NP4
£33,954
25
National percentile
Flat / Maisonette Yield - NP
6.0%
71
National percentile
10-Year Annualised Price Growth - NP4
4.3%
74
National percentile
10-Year Annualised Rent Growth - NP
4.9%
94
National percentile
Property Price & Volume Trends
The latest average property price in NP4 is £202,000, placing it among the cheapest nationally. Over the past decade, prices have grown at 4.3% annually—significantly above the national trend, reflecting stronger than average capital appreciation for a low-cost area. Transaction volumes have slowed considerably: 376 sales in the latest full year against a 10-year average of 560, indicating weaker current market activity.
Rent & Yield Trends
Average monthly rent stands at £858, below the national average and reflecting the area's affordable housing market. Rental growth has been exceptionally strong: 4.9% annually over ten years places it among the fastest-growing rental markets nationally. The flat yield has improved steadily, rising from 5.1% on average over the decade to 6.0% in the latest year, signalling improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income is £34,000, notably below the national figure. The price-to-income ratio of 5.4x has improved since 2016 (when it stood at 5.6x), making property purchase modestly more affordable despite price rises. Rental affordability has tightened: the rent-to-income ratio has risen from 23.1% to 24.1%, indicating a growing share of income needed to cover rental costs.
Resident Demographic Profile
The population skews notably older: those aged 50–64 and 65+ together account for 42.7% of residents, well above the national average. Outright home ownership is elevated at 36.2%, reflecting the older age profile and higher prevalence of retirees. The private rental sector is unusually small at 12%, while social rented housing is elevated at 21.2%. Employment is weighted towards trades (12.2%) and elementary occupations (11%), with professional roles underrepresented at 15.7%.