At a Glance
Average Property Price - NR7
£294,509
41
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR7
£39,539
56
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR7
3.4%
42
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The latest average property price in NR7 is £295,000, placing it slightly below the national midpoint. Over the past decade, prices have grown at 3.4% annually—a pace marginally below the national average. Transaction activity has softened, with 489 sales in the latest full year compared to a 10-year average of 623, reflecting a notable shift in market tempo.
Rent & Yield Trends
Average monthly rent in the broader NR postcode area stands at £920, below the national median. Rents have expanded at 4.4% annually over ten years—among the fastest growth rates nationally, outpacing typical wage inflation. The flat yield currently sits at 5.4%, well above its 10-year average of 4.3%, indicating strengthened returns for buy-to-let investors despite rising purchase prices.
Income & Affordability Trends
Average household net income is £39,539, slightly above the national median. The price-to-income ratio has drifted upwards to 7.3x from 6.8x in 2016, signalling that property has become noticeably less affordable relative to earnings. Rental affordability has also deteriorated; the rent-to-income ratio has risen from 21.6% to 26.2% over the same period, putting greater pressure on renters' budgets.
Resident Demographic Profile
The population skews older than average, with 23.5% aged 65 and over compared to the national norm of 19.6%, whilst those aged 16–24 are notably underrepresented at 8.2% versus 11.0% nationally. Outright home ownership is significantly stronger at 42.3%—well above the 33.7% national average—whilst private rental tenure is proportionally lower at 11.3%. The employment mix shows a modest tilt towards trades workers and administrative roles, with lighter representation in managerial and sales positions.