At a Glance
Average Property Price - NR28
£293,307
40
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR28
£13,406
1
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR28
3.8%
59
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR28 is £293,000, placing it slightly below the national midpoint. Over the past decade, prices have grown at 3.8% annually—close to the national pace. Transaction activity has slowed significantly, with 201 sales recorded in the latest full year compared to a 10-year average of 307, suggesting a tightening market.
Rent & Yield Trends
Average monthly rent in the broader NR area stands at £920, below the national average. Rental growth over the past decade has been notably strong at 4.4% annually, well above the national trend. The flat yield has improved materially, reaching 5.4% in the latest period compared to a 10-year average of 4.3%, reflecting the stronger rental performance.
Income & Affordability Trends
Average net household income of £13,406 places this area among the lowest nationally. The price-to-income ratio of 22.9x is very high, and has deteriorated sharply from 6.8x in 2016, indicating substantially reduced purchase affordability. Rental affordability has also worsened, with the rent-to-income ratio rising from 21.6% in 2016 to 26.2% today.
Resident Demographic Profile
The population is notably older, with nearly a third aged 65 and over—far above the national average of 19.6%—and those aged 50–64 also overrepresented at 25.2%. The 16–24 age group is markedly underrepresented at 6.3% against the national average of 11.0%. Housing tenure reflects strong owner-occupation, with 48.7% owning outright compared to the national 33.7%, though this is typical of older populations. The workforce leans toward trades (16.5%) and caring professions (11.7%), both above national levels, while professional occupations are underrepresented.