At a Glance
Average Property Price - NR5
£265,229
32
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR5
£25,076
3
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR5
3.7%
57
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR5 is £265,000, placing it below the national average. Over the past decade, prices have grown at 3.7% annually—roughly in line with the national trend. Transaction activity has slowed notably, with 230 sales recorded in the latest full year compared to an historical average of 337 per year, reflecting softer recent market conditions.
Rent & Yield Trends
Average monthly rent in the broader NR area stands at £920, below the national average. Rental growth over ten years has been strong at 4.4% annually—well above the typical UK pace. The flat yield has expanded to 5.4%, up from a ten-year average of 4.3%, indicating improving returns for investors in the area.
Income & Affordability Trends
Average household net income of £25,076 is well below the national average, reflecting the area's economic profile. The price-to-income ratio of 11.0x has deteriorated markedly since 2016 (when it stood at 6.8x), signalling a sharp decline in purchase affordability. Rental affordability has also weakened, with the rent-to-income ratio rising from 21.6% in 2016 to 26.2% today, placing growing pressure on renters.
Resident Demographic Profile
The population skews notably younger than the national average, with 20.8% aged 16–24 (almost double the national figure of 11.0%), reflecting the area's substantial student population. Social rented housing accounts for 34.8% of the tenure mix—more than double the national average—and owned outright property is proportionally scarce at 21.5%. The employment profile shows overrepresentation in elementary roles (14.7% vs 10.2% nationally) and caring professions (12.9% vs 9.2%), while managers are substantially underrepresented at just 6.9%.