At a Glance
Average Property Price - NR33
£242,503
25
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR33
£33,752
24
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR33
4.2%
73
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR33 is £243,000, placing it well below the national average—among the cheaper quartile of UK postcodes. Over the past decade, prices have grown at 4.2% annually, a rate notably faster than most of the country. Transaction activity has slowed in the most recent year, with 533 sales against a 10-year average of 645, suggesting a cooling in the local market.
Rent & Yield Trends
Average monthly rent in the broader NR area stands at £920, below the national midpoint. Rents have grown at 4.4% annually over the past decade—among the fastest growth nationally, indicating strong rental demand. The flat yield has climbed to 5.4%, well above its 10-year average of 4.3%, reflecting improving returns for buy-to-let investors and the tightening relationship between capital values and rental income.
Income & Affordability Trends
Average net household income is £34,000, notably below the national average. The price-to-income ratio has deteriorated to 7.2x from 5.7x in 2016, meaning property has become substantially less affordable relative to local earnings over the past decade. Rental affordability has also worsened, with rent now consuming 26.2% of household income compared to 21.6% in 2016—a clear squeeze on tenants.
Resident Demographic Profile
The population skews significantly older, with over one-quarter aged 65 and above against a national average of one-fifth; correspondingly, those aged 16–24 are notably underrepresented at 8.2%. Housing tenure is marked by exceptionally high outright ownership at 42.2%, well above the national norm, reflecting an older demographic profile. The employment mix shows an elevated proportion in caring roles (13.3%) and trades (13.6%), with notably fewer professionals (12.9%) than the national average, consistent with the area's character and economic profile.