At a Glance
Average Property Price - NR24
£396,245
66
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR24
£37,490
46
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR24
6.4%
98
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR24 is £396,000, placing it above the national midpoint. Over the past decade, prices have grown at 6.4% annually—among the fastest growth rates nationally. Transaction volumes have slowed recently, with 51 sales in the latest full year compared to a 10-year average of 77 per year.
Rent & Yield Trends
Average monthly rent in the broader NR area is £920, below the national midpoint. Rent has grown at 4.4% per year over ten years, which is well above the national pace. The flat yield currently stands at 5.4%, noticeably higher than its 10-year average of 4.3%, reflecting stronger income returns for landlords.
Income & Affordability Trends
Average net household income is £37,490, close to the national median. The price-to-income ratio has risen to 10.7x, a significant increase from 7.4x in 2016, indicating that property has become less affordable on local earnings. Rental affordability has also deteriorated: the rent-to-income ratio has risen from 21.6% to 26.2% over the same period.
Resident Demographic Profile
The population is notably older than average, with over a third (31.8%) aged 65 and above, while those aged 16–24 are significantly underrepresented at just 6.9%. Housing tenure is dominated by outright ownership at 47%, well above the national average of 33.7%, reflecting the area's mature demographic. The employment mix is heavily weighted towards trades (18.1%) and managers (15.8%), while professional occupations are below average at 12.6%.