Property trends for NR35

The average property price in NR35 is £308,000, roughly in line with the national average. Over the past decade, prices have grown at 3.7% annually—a pace slightly below the national trend. Transaction activity in the latest year stood at 141 sales, down from a 10-year average of 173 per year, reflecting a softer market.

Average monthly rent in the broader NR area is £920, below the national average. Rents have grown at 4.4% annually over ten years, a notably strong performance relative to other regions nationally. The flat yield currently stands at 5.4%, well above its 10-year average of 4.3%, suggesting improved returns for landlords in recent years.

Average household income in NR35 is £37,524, close to the national median. The price-to-income ratio has risen from 6.7x in 2016 to 9.1x today, indicating that property has become notably less affordable relative to earnings over this period. Rental affordability has similarly weakened: the rent-to-income ratio has climbed from 21.6% to 26.2%, meaning renters now spend a larger share of their income on housing.

The population skews significantly older than average, with nearly 30% aged 65 and over compared to the national figure of 19.6%, and just 7.8% aged 16–24 against 11.0% nationally. Outright home ownership is particularly high at 46.6%, well above the national 33.7%, while private renting remains below average at 15.9%. The workforce has a notably strong representation in trades (16.3% vs 10.5% nationally) and a lower share in professional roles (16.5% vs 20.5%).