At a Glance
Average Property Price - GL10
£357,657
58
National percentile
Average Monthly Rent - GL
£1,082
58
National percentile
Average Net Household Income - GL10
£39,807
57
National percentile
Flat / Maisonette Yield - GL
5.0%
21
National percentile
10-Year Annualised Price Growth - GL10
4.6%
81
National percentile
10-Year Annualised Rent Growth - GL
4.2%
65
National percentile
Property Price & Volume Trends
The latest average property price in GL10 is £358,000, in line with the national median. Over the past decade, prices have grown at 4.6% annually—well above the national average, placing the area among the stronger-performing regions for long-term capital growth. Transaction activity, however, has slowed: 210 sales were recorded in the latest full year, down from a 10-year average of 300 per annum.
Rent & Yield Trends
Average monthly rent in the broader GL postcode stands at £1,082, broadly in line with the national average. Rental growth over the past decade has been steady at 4.2% per year, slightly above the national pace. Flat yield has improved notably to 5.0%, up from a 10-year average of 4.1%, reflecting a favourable shift in the rental return on capital.
Income & Affordability Trends
Household income in the area averages £39,800, matching the national typical figure. Purchase affordability has tightened: the price-to-income ratio now stands at 9.0x, up from 7.9x in 2016, signalling increased cost relative to earnings. Rental affordability has similarly worsened, with rent consuming 27.3% of household income compared to 26.1% six years ago.
Resident Demographic Profile
The population skews notably older than the national average, with 22.6% aged 65 and over (against 19.6% nationally) and 22.1% in the 50–64 bracket. Conversely, younger adults are underrepresented: only 8.7% are aged 16–24, well below the 11.0% national figure. Outright home ownership is elevated at 39.7%, and private rented accommodation is scarce at 12.6%, reflecting a settled, owner-occupier population. The workforce shows a slight skew towards skilled trades (12.9% against 10.5% nationally) and underrepresentation in sales roles.