At a Glance
Average Property Price - NR4
£373,345
62
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR4
£44,534
74
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR4
2.6%
17
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price in NR4 is £373,000, placing it around the middle of the national range. Over the past decade, prices have grown at 2.6% annually—well below the national average, suggesting the area has underperformed in appreciation terms. Transaction activity has softened, with 276 sales in the latest year compared to a 10-year average of 339, indicating a moderately active but quieter market than its historical norm.
Rent & Yield Trends
Monthly rents in the broader NR area average £920, sitting below the national average and reflecting the more affordable East Anglian market. Rent growth has been robust at 4.4% annually, placing the area among the strongest nationally for rental appreciation. Yields currently stand at 5.4%, meaningfully above the 10-year average of 4.3%, indicating improved rental returns and favourable conditions for buy-to-let investors.
Income & Affordability Trends
Average household income of £44,534 places NR4 comfortably above the national median. However, affordability pressures have grown: the price-to-income ratio has risen from 7.9x in 2016 to 8.6x today, signalling that property has become harder to purchase relative to earnings. Rental affordability has also deteriorated, with the rent-to-income ratio increasing from 21.6% to 26.2% over the same period, suggesting higher proportional costs for tenants.
Resident Demographic Profile
The population skews notably older, with 22% aged 65 and over—well above the national average of 19.6%—while the 25–34 age group is underrepresented at 10.8% against 13.4% nationally. Housing tenure is distinctive, with outright ownership at 39.1% significantly above the national 33.7%, reflecting the area's appeal to established residents. The employment profile is strongly weighted towards professionals at 29.5%, nearly 50% above the national average of 20.5%, indicating a well-qualified workforce.