At a Glance
Average Property Price - GL15
£310,950
45
National percentile
Average Monthly Rent - GL
£1,082
58
National percentile
Average Net Household Income - GL15
£37,343
46
National percentile
Flat / Maisonette Yield - GL
5.0%
21
National percentile
10-Year Annualised Price Growth - GL15
4.2%
73
National percentile
10-Year Annualised Rent Growth - GL
4.2%
65
National percentile
Property Price & Volume Trends
The average property price in GL15 is £311,000, which sits close to the national midpoint. Over the past decade, the area has experienced annualised price growth of 4.2%, placing it among the faster-growing regions nationally. Transaction activity has slowed considerably; the latest full year saw 251 sales against a 10-year average of 365, suggesting a tightening of market activity.
Rent & Yield Trends
Average monthly rents in the broader GL postcode area stand at £1,082, slightly above the national median. Rental growth over ten years has averaged 4.2% per annum, in line with national growth rates. The flat yield has improved to 5.0% in the latest period, up from a 10-year average of 4.1%, indicating strengthening returns for landlords.
Income & Affordability Trends
Average net household income is £37,343, broadly in line with the national average. The price-to-income ratio stands at 8.0x, having risen from 7.2x in 2016, reflecting that property has become less affordable relative to earnings over the past decade. Rental affordability has similarly worsened; the rent-to-income ratio has risen from 26.1% to 27.3%, indicating rents now consume a larger share of household income.
Resident Demographic Profile
The population skews notably older than average, with over a quarter aged 65 and above (compared to a national figure of 19.6%) and those aged 50–64 also significantly overrepresented. Conversely, the young adult population aged 16–24 is below average at 8.8%. Housing tenure is distinctive: outright ownership is markedly high at 43.1% against the national average of 33.7%, whilst private renting is well below average at 13.3%. The employment profile shows a notably higher proportion in trades (13.9%) and caring occupations (11.2%), offset by fewer professionals (14.1%) than the national average.