At a Glance
Average Property Price - DL2
£270,788
34
National percentile
Average Monthly Rent - DL
£639
0
National percentile
Average Net Household Income - DL2
£39,229
55
National percentile
Flat / Maisonette Yield - DL
5.5%
44
National percentile
10-Year Annualised Price Growth - DL2
2.3%
13
National percentile
10-Year Annualised Rent Growth - DL
3.2%
14
National percentile
Property Price & Volume Trends
The latest average property price in DL2 is £271,000, placing it below the national average. Over the past decade, prices have grown at an annualised rate of 2.3%, which is considerably slower than the national trend. Transaction volumes have slowed in the latest year, with 369 sales recorded against a 10-year average of 421 per annum.
Rent & Yield Trends
Average monthly rents in the DL postcode area stand at £639, well below the national average. Rental growth over the past decade has averaged 3.2% annually, outpaced by the national rate. The flat yield currently stands at 5.5%, notably higher than its 10-year average of 4.6%, signalling improved rental returns in recent years.
Income & Affordability Trends
Average household income in DL2 is £39,229, close to the national median. The price-to-income ratio of 6.7x has improved modestly since 2016 (when it stood at 6.9x), making properties somewhat more affordable relative to incomes. However, rental affordability has tightened: the rent-to-income ratio has risen from 19.8% to 21.1% over the same period, indicating rents are now claiming a larger share of household budgets.
Resident Demographic Profile
The area has a notably older population profile, with over-50s comprising 48% of residents compared to 39.4% nationally, and pensioners alone making up nearly a quarter of the population. Home ownership is particularly strong: 42.2% own outright (against 33.7% nationally) and a further 33% own with a mortgage, reflecting a stable, established community. The employment mix is broadly representative, though with slightly higher representation in managerial roles (15.1% vs 13.4% nationally).