At a Glance
Average Property Price - NR6
£281,002
37
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR6
£38,029
49
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR6
3.4%
44
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR6 is £281,000, placing it below the national average. Ten-year annualised growth has been 3.4%, which is roughly in line with the national trend. Transaction volumes have eased in the latest year, with 389 sales compared to a ten-year average of 445 annually—a decline of around 13%.
Rent & Yield Trends
Average monthly rent in the broader NR area stands at £920, below the national average. Rental growth over the past decade has been strong at 4.4% annually, well above the national pace. The flat yield has improved meaningfully, rising to 5.4% in the latest year from a ten-year average of 4.3%, reflecting the tighter relationship between rents and property values.
Income & Affordability Trends
Average net household income is £38,029, close to the national median. The price-to-income ratio has deteriorated: it now stands at 7.6x, up from 6.4x in 2016, indicating homes have become less affordable relative to earnings. Rental affordability has also weakened; the rent-to-income ratio has risen from 21.6% to 26.2% over the same period.
Resident Demographic Profile
The population is notably older than the national average, with 22.2% aged 65 and over compared to 19.6% nationally. Outright home ownership is above average at 38.8%, whilst private rental tenure is well below average at 14%. The employment profile is distinctive: trades workers and caring professions are more prevalent than nationally, while professional and managerial roles are less common, reflecting a more working-class and service-oriented workforce.