At a Glance
Average Property Price - NR16
£387,437
65
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR16
£40,847
62
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR16
3.9%
61
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR16 is £387,000, placing it in the upper-middle range nationally. Over the past decade, the district has delivered annualised price growth of 3.9%, slightly above the national average. Transaction activity has moderated recently: 152 sales were recorded in the latest full year, compared with an average of 193 over the preceding ten years, suggesting a quieter market.
Rent & Yield Trends
Average monthly rents in the broader NR postcode area stand at £920, below the national average. Rental growth over ten years has been robust at 4.4% annually, outpacing most UK regions. Yields have recovered to 5.4% in the latest year, up from a ten-year average of 4.3%, indicating improved returns for landlords.
Income & Affordability Trends
Average net household income is £40,847, in line with the national median. The price-to-income ratio has risen to 10.3x from 8.2x in 2016, indicating that home purchase has become less affordable over that period. Rental affordability has also tightened, with rent-to-income ratio climbing from 21.6% to 26.2%, leaving less headroom in household budgets.
Resident Demographic Profile
The population skews notably older than the national average, with over a quarter aged 65 and above (compared to just under one-fifth nationally) and a below-average share of young adults. Housing is weighted towards outright ownership at 43%, well above the national norm of 34%, reflecting a mature demographic. The employment profile is relatively balanced, though trades workers are overrepresented at 13.2% against a national average of 10.5%.