At a Glance
Average Property Price - NR13
£351,493
57
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR13
£40,875
62
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR13
3.3%
38
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price of £351,000 sits slightly above the mid-point nationally. Over the past decade, prices have grown at 3.3% per year—a pace well below the national average, suggesting the area has underperformed in the recent housing cycle. Transaction activity has eased since the 10-year average; 498 sales were recorded in the latest full year, compared to 561 historically.
Rent & Yield Trends
At £920 per month, rents in the broader NR postcode area fall below the national average. However, annual rent growth of 4.4% has been strong relative to the rest of the UK. Rental yield now stands at 5.4%, notably ahead of the 10-year average of 4.3%, reflecting a sustained improvement in returns for buy-to-let investors.
Income & Affordability Trends
Average household net income of £41,000 is above the national median. Affordability for buyers has deteriorated: the price-to-income ratio has risen from 7.3x in 2016 to 8.8x today, a meaningful shift. Rental affordability has similarly worsened, with the rent-to-income ratio rising from 21.6% to 26.2% over the same period.
Resident Demographic Profile
The population is notably older than the UK average, with 27.4% aged 65 and above—nearly 8 percentage points higher than the national norm. Conversely, the 16–24 age group is substantially underrepresented at 7.7%. Housing tenure is distinctly weighted towards outright ownership at 46.2%, well above the national average of 33.7%, while private rental and social rental sectors are both compressed at roughly 11% each. The employment profile is broadly typical, though elementary occupations at 7.3% are somewhat lower than the national average.