At a Glance
Average Property Price - NR11
£357,820
58
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR11
£38,079
50
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR11
4.1%
70
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price in NR11 is £358,000, placing it slightly above the national midpoint. Over the past decade, prices have grown at 4.1% annually—a solid pace that sits above the national average. Transaction activity has slowed in recent years, with 254 sales in the latest year compared to a 10-year average of 341 per annum.
Rent & Yield Trends
Average monthly rents in the broader NR area stand at £920, below the national average. However, rental growth has been notably strong at 4.4% annually over the past decade, well above the typical rate seen across England. Rental yields have expanded to 5.4%, a marked improvement on the 10-year average of 4.3%, reflecting the combination of rising rents and stable property values.
Income & Affordability Trends
Average household income in NR11 is £38,079, close to the national median. The price-to-income ratio has risen to 9.5x from 7.6x in 2016, signalling that home ownership has become noticeably less affordable relative to local earnings over this period. The rent-to-income ratio has similarly worsened, climbing from 21.6% to 26.2%, indicating that renters now dedicate a larger share of income to housing costs.
Resident Demographic Profile
The population is notably older than the national profile, with 32.3% aged 65 and above compared to 19.6% nationally; conversely, only 14.3% are under 15. Housing tenure is distinctive: 50.1% own their homes outright—far above the national average of 33.7%—while private rented and social rented sectors are both undersized. The workforce skews towards trades (15.4%) and caring professions (10.7%), with fewer professionals (15.4%) relative to some regions.