At a Glance
Average Property Price - NR12
£356,068
58
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR12
£35,663
36
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR12
4.1%
69
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR12 is £356,000, slightly above the national midpoint. Over the past decade, prices have grown at 4.1% annually, a pace marginally faster than the national average. Transaction volumes have slowed notably, with 280 sales in the latest year compared to a 10-year average of 409—a decline of around 32%.
Rent & Yield Trends
Average monthly rent in the broader NR area stands at £920, below the national median. Rental growth over ten years has been strong at 4.4% annually, significantly outpacing the national average and reflecting sustained demand. The flat yield has improved to 5.4%, well above its 10-year average of 4.3%, indicating a favourable return environment for landlords.
Income & Affordability Trends
Household income in NR12 is below the national average at £36,000, placing it in the lower third nationally. The price-to-income ratio has deteriorated from 8.2x in 2016 to 9.7x today, making property ownership less affordable. Rental affordability has also worsened, with rent-to-income ratios rising from 21.6% to 26.2%, squeezing tenant finances.
Resident Demographic Profile
The population is notably older, with nearly a third aged 65 or over—well above the national average of 19.6%—and only 7% aged 16–24, significantly below the national norm. Home ownership is strong at 49% owned outright, substantially above the national average, whilst social rented housing at 11% is below average. The workforce is trade-heavy at 17%, notably above the national average of 10.5%, reflecting the area's practical and manual employment base.