At a Glance
Average Property Price - NR22
£325,875
50
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR22
£36,313
40
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR22
2.8%
22
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR22 is £326,000, squarely at the national midpoint. Ten-year annualised growth has been relatively modest at 2.8%, placing it below the national average rate of appreciation. Transaction activity has weakened notably, with only 8 sales recorded in the latest full year compared to a 10-year average of 13 annually, suggesting a thinly traded market.
Rent & Yield Trends
Average monthly rent in the broader NR postcode area stands at £920, below the national norm. Rental growth, however, has been strong: 4.4% annualised over the past decade outpaces the national average, reflecting rising demand for rental properties. The flat yield has risen to 5.4%, above its 10-year average of 4.3%, pointing to improving returns for landlords.
Income & Affordability Trends
Average household income of £36,313 sits modestly below the national average. The price-to-income ratio of 11.8x has risen significantly since 2016, when it stood at 8.8x, indicating that properties have become notably less affordable relative to local earnings. Rental affordability has also deteriorated: the rent-to-income ratio has climbed from 21.6% to 26.2% over the same period, placing a larger burden on renters.
Resident Demographic Profile
The population skews considerably older than the national average, with over a quarter aged 65 and above (against a national average of 19.6%) and a notably larger 50–64 age group at 24%. The under-15 and 16–24 age cohorts are notably smaller, indicating limited family and young-adult populations. Outright home ownership is strong at 39.3%, well above the national average of 33.7%, whilst the skilled trades workforce is substantially overrepresented at 18.3% compared to the national 10.5%, reflecting the area's rural and maritime character.