At a Glance
Average Property Price - GL1
£208,837
15
National percentile
Average Monthly Rent - GL
£1,082
58
National percentile
Average Net Household Income - GL1
£35,562
35
National percentile
Flat / Maisonette Yield - GL
5.0%
21
National percentile
10-Year Annualised Price Growth - GL1
3.9%
64
National percentile
10-Year Annualised Rent Growth - GL
4.2%
65
National percentile
Property Price & Volume Trends
The average property price in GL1 is £209,000, placing it among the most affordable districts nationally. Over the past decade, prices have grown at 3.9% annually—a rate broadly in line with the national average. Transaction volumes have declined noticeably, with 424 sales in the latest year compared to a 10-year average of 578, suggesting a softer market.
Rent & Yield Trends
Average monthly rent stands at £1,082, close to the national median. Rental growth over the past decade has been 4.2% per year, slightly above the national pace. The flat yield has improved to 5.0% in the latest year from a 10-year average of 4.1%, indicating that rental returns have strengthened relative to property values.
Income & Affordability Trends
Average household income is £35,562, below the national average. The price-to-income ratio has risen to 6.0x from 5.3x in 2016, showing that properties have become less affordable relative to earnings. Rental affordability has also tightened, with rent consuming 27.3% of income compared to 26.1% six years earlier.
Resident Demographic Profile
The population skews slightly younger than the national average, with 14.2% aged 16–24 (against 11.0% nationally) and only 13.2% aged 65+ (versus 19.6%). Private rental tenure is notably high at 32.4%, well above the national figure of 21.7%, reflecting the urban character. The workforce shows a higher concentration in elementary roles (13.0% versus 10.2% nationally) and caring professions (11.8% versus 9.2%), while professional occupations are underrepresented at 16.5% compared to 20.5% nationally.