At a Glance
Average Property Price - GL11
£350,383
56
National percentile
Average Monthly Rent - GL
£1,082
58
National percentile
Average Net Household Income - GL11
£40,663
61
National percentile
Flat / Maisonette Yield - GL
5.0%
21
National percentile
10-Year Annualised Price Growth - GL11
4.1%
71
National percentile
10-Year Annualised Rent Growth - GL
4.2%
65
National percentile
Property Price & Volume Trends
The average property price in GL11 is £350,000, roughly in line with the national average. Over the past decade, the district has seen annualised price growth of 4.1%, which is above the national trend. Transaction activity has eased slightly, with 295 sales in the latest full year compared to a 10-year average of 333 per year.
Rent & Yield Trends
Average monthly rent in the broader GL postcode area stands at £1,082, close to the national median. Rents have grown at 4.2% annually over the past decade, slightly above the national pace. The flat yield currently sits at 5.0%, up from a 10-year average of 4.1%, reflecting improving rental returns for investors.
Income & Affordability Trends
Average net household income in GL11 is £40,663, placing the district above the national median. However, affordability has tightened: the price-to-income ratio now stands at 9.2 times, up from 7.6 times in 2016, indicating properties have become less affordable relative to earnings. Rental affordability has also weakened slightly, with rent-to-income ratio rising from 26.1% in 2016 to 27.3% today.
Resident Demographic Profile
GL11 has a notably older population profile: nearly a quarter (23.6%) are aged 65 and over, well above the national average of 19.6%, while young adults aged 16–24 are significantly under-represented at just 7.8% compared to 11.0% nationally. Housing is dominated by outright ownership at 40.6%, far above the national average of 33.7%, reflecting the area's retiree population. Private rental housing is scarce at 11.5%, roughly half the national share. The employment mix is weighted towards skilled trades (12.6%), notably above the national average of 10.5%.