At a Glance
Average Property Price - NR34
£309,268
45
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR34
£38,325
51
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR34
3.1%
31
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price in NR34 is £309,000, close to the national median and reflecting a moderate market position. Over the past decade, prices have grown at 3.1% annually, a slower pace than the national average. Transaction activity has declined to 293 sales in the latest year, down from a 10-year average of 348, suggesting a moderately quieter market.
Rent & Yield Trends
Average monthly rent across the broader NR postcode area is £920, somewhat below the national average. Rental growth has been strong at 4.4% per year over the past decade, significantly outpacing national trends. The flat yield currently stands at 5.4%, notably above its 10-year average of 4.3%, indicating increasingly attractive returns for landlords in recent times.
Income & Affordability Trends
Average household income is £38,325, close to the national average. The price-to-income ratio of 8.3x has worsened since 2016 (when it was 7.1x), indicating that purchasing power has not kept pace with price appreciation. Rental affordability has also deteriorated: the rent-to-income ratio has risen from 21.6% in 2016 to 26.2% today, placing greater pressure on renters' budgets.
Resident Demographic Profile
The population is notably older than the national average, with nearly 30% aged 65 and over compared to 19.6% nationally, and only 7.9% aged 16–24 against a national average of 11%. Housing tenure reflects a strong preference for outright ownership at 45.7%, well above the national 33.7%, with correspondingly lower rates of mortgaged and rented housing. The employment profile shows above-average representation in trades (14.3%) and caring roles (10.4%), alongside below-average professional employment (15.8%).