At a Glance
Average Property Price - NR32
£238,229
24
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR32
£33,294
21
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR32
3.9%
62
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price in NR32 is £238,000, placing it well below the national average and among the cheapest areas in the country. Over the past decade, prices have grown at 3.9% annually, slightly faster than the slowest-growing regions nationally. Transaction volumes have declined noticeably, with 472 sales in the latest year compared to a 10-year average of 637 per year.
Rent & Yield Trends
Average monthly rent in the broader NR area stands at £920, below the national midpoint. Rental growth has been robust at 4.4% annually over ten years, outpacing most regions nationally. The flat yield has risen to 5.4%, well above its 10-year average of 4.3%, reflecting strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £33,294 is notably low, placing the area among the lowest-earning regions nationally. The price-to-income ratio of 7.4x has widened considerably since 2016 (5.8x), signalling that property prices have risen faster than local earning power. Rental affordability has also deteriorated; the rent-to-income ratio has climbed from 21.6% to 26.2%, indicating a heavier burden on renters' budgets.
Resident Demographic Profile
The population is notably older than average, with 23.7% aged 65 and over compared to the national figure of 19.6%, and a correspondingly smaller working-age cohort aged 25–34. Home ownership is above average at 60.6% (outright and mortgaged combined), while the employment mix reflects a higher concentration in trades (12.8%), caring professions (13.8%), and elementary roles (13.4%), with far fewer professionals (11.8%) than the national average.