At a Glance
Average Property Price - NR27
£320,707
48
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR27
£33,097
20
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR27
4.2%
72
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price in NR27 is £321,000, placing it close to the national median—neither particularly expensive nor cheap. Over the past decade, prices have grown at 4.2% annually, which is notably faster than average nationally. However, transaction activity has slowed sharply: only 173 properties changed hands in the latest full year, compared to an annual average of 272 over the previous ten years.
Rent & Yield Trends
Average monthly rent in the broader NR area is £920, which is below the national average. Rent growth over the past decade has been strong at 4.4% annually—among the fastest nationally. The rental yield currently stands at 5.4%, a marked improvement from the 10-year average of 4.3%, indicating that rental income is now more attractive relative to purchase prices.
Income & Affordability Trends
Average household income in NR27 is £33,097, placing it well below the national average. The price-to-income ratio has deteriorated significantly: at 10.1x the latest household income, it is now substantially higher than the 2016 ratio of 6.8x, making purchase affordability considerably worse. Rental affordability has also declined, with the rent-to-income ratio rising from 21.6% in 2016 to 26.2% today.
Resident Demographic Profile
NR27 has an exceptionally high concentration of older residents: those aged 65 and over make up 36.6% of the population, far above the national average of 19.6%. Conversely, younger age groups are significantly under-represented—the 16–24 age group comprises only 6.5% compared to 11.0% nationally. The housing tenure profile shows notably high levels of outright ownership (48.7% versus 33.7% nationally), reflecting the retirement-focused population. The employment mix is skewed towards trades (14.5%), caring professions (13.7%), and elementary roles (12.8%), with fewer professionals (12%) than the national average.