At a Glance
Average Property Price - NR23
£477,953
78
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR23
£38,008
49
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR23
2.2%
12
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
At £478,000, NR23 sits among the more expensive postcodes nationally. However, price growth has been sluggish: annual gains of 2.2% over the past decade rank among the slowest nationally. Transaction activity has softened to 44 sales in the latest year, down from a 10-year average of 53, signalling a tightening of market liquidity.
Rent & Yield Trends
Rental levels at £920 per month sit below the national average, though rents have grown at 4.4% annually—well above the typical pace nationally. Flat yield stands at 5.4%, a marked improvement on the 10-year average of 4.3%, reflecting the stronger recent rental growth relative to capital values.
Income & Affordability Trends
Average household income of £38,008 is broadly in line with the national median. Affordability has deteriorated: the price-to-income ratio has risen from 10.8x in 2016 to 13.0x today, indicating stronger capital appreciation relative to earnings. Rental affordability has also weakened, with rents consuming 26.2% of household income, up from 21.6% six years ago.
Resident Demographic Profile
This is a distinctly older population: nearly two-thirds (36.5%) are aged 65 and over, compared to a national average of 19.6%, and only 6.1% fall into the 16–24 age group versus 11.0% nationally. Housing tenure is heavily skewed towards outright ownership at 47.6%, more than 40% above the national norm. Employment is dominated by trades (18.0%), managers (17.1%), and caring professions (10.4%), with a notably lower professional class share than the national average.