At a Glance
Average Property Price - NR26
£339,939
54
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR26
£35,651
36
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR26
3.3%
39
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price in NR26 is £340,000, close to the national median and reflecting a balanced market position. Over the past decade, prices have grown at 3.3% annually—below the national average pace—suggesting more modest appreciation than many UK regions. Transaction activity has softened noticeably: only 132 sales were recorded in the latest year, compared to a 10-year average of 193, indicating reduced market momentum.
Rent & Yield Trends
Average monthly rent in the broader NR area is £920, below the national average and reflecting the rural, coastal character of the locality. Rental growth over ten years has been strong at 4.4% annually, among the fastest nationally, demonstrating resilient demand for private lettings. The current flat yield of 5.4% has risen notably from the 10-year average of 4.3%, signalling improving returns for buy-to-let investors and a favourable rental market environment.
Income & Affordability Trends
Average household income at £35,651 sits below the national average, reflecting the rural and older demographic profile of the area. The price-to-income ratio of 10.8x has deteriorated significantly since 2016 (when it stood at 7.0x), meaning property purchase affordability has weakened materially over the period. Rental affordability has similarly declined: the rent-to-income ratio has risen from 21.6% in 2016 to 26.2% today, indicating that renters are spending a larger share of income on housing.
Resident Demographic Profile
NR26 has an exceptionally elderly population: 39.3% are aged 65 and over, nearly double the national average of 19.6%, while children under 15 account for just 12.2% versus 17.5% nationally. Young adults aged 16–24 are significantly underrepresented at 6.8% compared to 11.0% nationally. Housing is dominated by outright ownership at 54.8%—well above the national 33.7%—with mortgage ownership well below average at 16.9% versus 27.0% nationally. The workforce skews towards trades (14.6%), caring professions (13.1%), and a balanced managerial presence, while professional employment is notably lower than the national average at 14.1%.