At a Glance
Average Property Price - NR21
£319,517
48
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR21
£35,636
35
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR21
3.7%
54
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR21 is £320,000, close to the national midpoint. Over the past decade, prices have grown at 3.7% annually—broadly in line with the national trend. Transaction volumes have moderated significantly, with 190 sales in the latest year compared to an average of 289 over the preceding ten years.
Rent & Yield Trends
Average monthly rents in the broader NR postcode area stand at £920, sitting below the national average. Rental growth has been notably strong at 4.4% per year—among the fastest-growing regions nationally. The flat yield has risen to 5.4%, well above its ten-year average of 4.3%, reflecting tighter price-to-rent dynamics and improving returns for investors.
Income & Affordability Trends
Average household net income here is £36,000, below the national average. The price-to-income ratio stands at 9.0x, having deteriorated from 7.5x in 2016, indicating that property has become less affordable relative to earnings. Rental affordability has similarly weakened; the rent-to-income ratio has risen from 21.6% to 26.2%, meaning renters now commit a larger share of household income to housing.
Resident Demographic Profile
The population is notably older than average, with nearly 30% aged 65 and over compared to a national figure of 19.6%, whilst those aged 16–24 are significantly underrepresented at 7.8%. Outright homeownership is markedly high at 43%, well above the national average of 34%, reflecting the age profile and stock of longstanding residents. Employment is weighted towards trades (17%) and elementary occupations (13%), whilst professional roles are less common at 11.5%.