At a Glance
Average Property Price - NR8
£325,218
50
National percentile
Average Monthly Rent - NR
£920
37
National percentile
Average Net Household Income - NR8
£32,698
17
National percentile
Flat / Maisonette Yield - NR
5.4%
40
National percentile
10-Year Annualised Price Growth - NR8
4.2%
72
National percentile
10-Year Annualised Rent Growth - NR
4.4%
81
National percentile
Property Price & Volume Trends
The average property price in NR8 is £325,000, close to the national midpoint. Over the past decade, prices have grown at 4.2% annually—above the national average—reflecting steady demand in the region. Transaction volumes have moderated recently, with 361 sales in the latest year compared to a 10-year average of 454, suggesting a slight cooling in market activity.
Rent & Yield Trends
Average monthly rent stands at £920, below the national average. However, rents have grown at 4.4% per year over the past decade, well above the typical pace nationally. The flat yield has risen to 5.4%, a marked improvement from its 10-year average of 4.3%, indicating strengthening returns for landlords as rental growth has outpaced capital appreciation.
Income & Affordability Trends
Average household income is £32,698, substantially below the national average. The price-to-income ratio has deteriorated significantly, rising from 6.3x in 2016 to 9.6x today, reflecting rapid house price growth against modest income growth. Rental affordability has also worsened: the rent-to-income ratio has increased from 21.6% to 26.2% over the same period, indicating rising pressure on renters' budgets.
Resident Demographic Profile
NR8 skews notably older than the national profile, with 23.8% aged 65 and over compared to 19.6% nationally, and 22% aged 50–64 against 19.8% nationally. Conversely, younger adults aged 16–24 are underrepresented at 8.6% versus 11% nationally. Owner-occupation is significantly higher than the national average: 43.9% own outright and 33.7% own with a mortgage, totalling 77.6% against a 60.7% national average. Private renting is correspondingly lower at 14.5%. The employment mix is broadly balanced with no single occupation category standing out as distinctly over or underrepresented.