At a Glance
Average Property Price - WN3
£196,967
11
National percentile
Average Monthly Rent - WN
£734
15
National percentile
Average Net Household Income - WN3
£32,955
19
National percentile
Flat / Maisonette Yield - WN
6.3%
92
National percentile
10-Year Annualised Price Growth - WN3
3.5%
45
National percentile
10-Year Annualised Rent Growth - WN
4.3%
73
National percentile
Property Price & Volume Trends
The average property price in WN3 is £197,000, placing it well below the national average and among the most affordable areas in the UK. Over the past decade, prices have grown at 3.5% annually—roughly in line with the national average. Transaction activity has softened slightly, with 323 sales in the latest year compared to a 10-year average of 371, suggesting a modest slowdown in market momentum.
Rent & Yield Trends
Average monthly rent stands at £734, notably below the national average and reflecting the area's affordability profile. Rental growth has been robust, rising 4.3% annually over ten years—well above the national pace and among the fastest-growing rental markets. The current flat yield of 6.3% has edged up from its 10-year average of 5.8%, indicating improved returns for buy-to-let investors.
Income & Affordability Trends
Average household income is £32,955, below the national average and among the lower-earning areas. The price-to-income ratio of 5.5x has shifted unfavourably since 2016 (when it stood at 5.1x), signalling slightly tighter purchase affordability despite low absolute prices. Rental affordability has remained essentially flat, with the rent-to-income ratio holding steady at 21.6% versus 21.5% in 2016.
Resident Demographic Profile
The population is notably weighted towards mortgage ownership at 34.7%—above the national average of 27.0%—while private rental tenure is below average at 16.5%. The age profile is fairly balanced, though those aged 16–24 are under-represented at 9.7% compared to the national average of 11.0%. The employment mix is distinctive for a notably higher share of trades workers (11.7% vs 10.5% nationally), elementary roles (12.4% vs 10.2%), and caring professions (11.0% vs 9.2%), offset by fewer professionals (15.5% vs 20.5%).