At a Glance
Average Property Price - NR15
£355,513
57
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR15
£41,537
64
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR15
3.1%
33
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR15 is £356,000, placing it slightly above the national midpoint. Over the past decade, prices have grown at 3.1% per year—a below-average rate of appreciation compared nationally. Transaction activity has eased, with 190 sales in the latest year against a 10-year average of 230, suggesting a softening in market momentum.
Rent & Yield Trends
Average monthly rent in the broader NR area stands at £920, which is below the national average. However, rental growth over the past decade has been strong at 4.4% per year—among the fastest nationally. The flat yield has risen to 5.4%, up from a 10-year average of 4.3%, indicating improving returns for landlords as rents have outpaced capital values.
Income & Affordability Trends
Net household income averages £41,537, placing the area above the national median. The price-to-income ratio now stands at 8.4x, having risen from 7.7x in 2016, reflecting worsening purchase affordability over that period. Rental affordability has also deteriorated, with the rent-to-income ratio climbing from 21.6% to 26.2%, suggesting renters face tighter housing costs.
Resident Demographic Profile
The population skews notably older, with over a quarter aged 65 and above compared to the national average of 20%, while the 16–24 age group is markedly underrepresented at 7.6% versus 11% nationally. Housing tenure is weighted strongly towards outright ownership at 44.5%—well above the national average of 34%—with correspondingly lower private rental and social rented shares. The workforce shows a higher proportion in trades (13%) and managerial roles (15%), alongside lower representation in elementary occupations.