At a Glance
Average Property Price - NR3
£216,195
17
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR3
£28,556
5
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR3
2.9%
25
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price in NR3 is £216,000, placing it well below the national average—among the cheapest districts nationally. Over the past decade, prices have grown at 2.9% annually, a notably slower pace than most UK postcodes. Transaction activity has softened recently, with 411 sales in the latest year compared to a 10-year average of 515 per year.
Rent & Yield Trends
Average monthly rent stands at £920, below the national median. Rents have grown strongly at 4.4% annually over the past decade, among the fastest growth rates nationally. The flat yield has risen to 5.4%, well above its 10-year average of 4.3%, reflecting improving returns for landlords.
Income & Affordability Trends
Average household income of £28,556 is significantly below the national average, placing the area among the lowest-income districts in the country. The price-to-income ratio of 7.9x has deteriorated markedly since 2016 (when it stood at 5.5x), making purchase less affordable despite low absolute prices. Rental affordability has also worsened: the rent-to-income ratio has risen from 21.6% to 26.2%, indicating growing pressure on renters' budgets.
Resident Demographic Profile
The area shows a notably younger profile than national norms, with 25–34 year-olds representing 19% of residents (compared to 13.4% nationally) and 35–49 year-olds at 22.1% against 18.7% nationally. Housing tenure is heavily skewed towards renting: private rented accommodation accounts for 25% of households against 21.7% nationally, while social rented housing is significantly elevated at 27.9% versus 16.5% nationally. Owner-occupation, whether outright or mortgaged, is correspondingly lower. The employment profile shows higher rates of elementary workers (13.3% vs 10.2%) and caring roles (10.4% vs 9.2%), alongside fewer managers (8.4% vs 13.4%).