At a Glance
Average Property Price - AL8
£558,587
87
National percentile
Average Monthly Rent - AL
£1,725
88
National percentile
Average Net Household Income - AL8
£49,355
87
National percentile
Flat / Maisonette Yield - AL
5.1%
26
National percentile
10-Year Annualised Price Growth - AL8
3.0%
30
National percentile
10-Year Annualised Rent Growth - AL
3.9%
50
National percentile
Property Price & Volume Trends
The average property price of £559,000 places AL8 among the most expensive districts nationally. However, 10-year annualised growth of 3.0% has been well below the national average, suggesting the area has underperformed the wider market over the long term. Transaction volumes have been softer recently, with 140 sales in the latest full year compared to an average of 173 over the past decade.
Rent & Yield Trends
Average monthly rents of £1,725 (based on the broader AL postcode area) rank among the highest nationally. Rental growth over ten years has been close to the national average at 3.9% annually. The flat yield of 5.1% currently exceeds its ten-year average of 4.1%, signalling improving returns for buy-to-let investors.
Income & Affordability Trends
Household income at £49,355 is among the highest nationally. However, affordability has deteriorated: the price-to-income ratio has risen from 11.0x in 2016 to 11.9x today, making property less accessible relative to earnings. Rental affordability has also worsened, with the rent-to-income ratio climbing from 31.4% to 36.3% over the same period.
Resident Demographic Profile
The population skews older, with those aged 50 and above representing 41.4% of residents compared to 39.4% nationally, while young adults aged 16–24 are notably underrepresented at 8.6%. The tenure mix is distinctive: social rented housing accounts for nearly a quarter of all homes (24.9%), well above the national average of 16.5%, while private renting is proportionately lower at 11.4%. Professionally qualified workers dominate the employment profile at 26.9%, significantly exceeding the national figure of 20.5%.