At a Glance
Average Property Price - NR18
£320,671
48
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR18
£42,062
66
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR18
2.9%
26
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price in NR18 is £321,000, close to the national median and neither notably expensive nor cheap by UK standards. Over the past decade, prices have grown at 2.9% annually—below the national average, indicating slower capital appreciation than much of the country. Transaction activity has softened recently, with 305 sales in the latest year compared to a 10-year average of 469, suggesting a moderately quieter market.
Rent & Yield Trends
Monthly rents average £920, placing the area below the national median—a relatively affordable rental market. Rent growth over the past decade has been strong at 4.4% annually, well above the national trend, indicating sustained upward pressure on lettings. The rental yield currently stands at 5.4%, meaningfully above its 10-year average of 4.3%, reflecting improving returns for buy-to-let investors in this area.
Income & Affordability Trends
Average household income is £42,062, placing the area above the national median. The price-to-income ratio stands at 7.8x, having worsened slightly from 7.4x in 2016, meaning affordability for homebuyers has tightened over this period despite modest price growth. Rental affordability has also deteriorated: the rent-to-income ratio has risen from 21.6% to 26.2%, indicating that renters now commit a noticeably larger share of earnings to housing costs.
Resident Demographic Profile
The population skews older than the national average, with over a fifth aged 65 or above (compared to 19.6% nationally) and fewer young adults aged 16–24 (8.4% versus 11.0%). Homeownership is notably strong: 37.7% own outright and 33.6% own with a mortgage, together accounting for over 71% of households—well above the national norm. Professional and technical occupations are overrepresented, together making up 37.3% of the workforce, while elementary roles (8.2%) are less common than nationally.