At a Glance
Average Property Price - GL16
£290,797
40
National percentile
Average Monthly Rent - GL
£1,082
58
National percentile
Average Net Household Income - GL16
£35,069
31
National percentile
Flat / Maisonette Yield - GL
5.0%
21
National percentile
10-Year Annualised Price Growth - GL16
3.6%
51
National percentile
10-Year Annualised Rent Growth - GL
4.2%
65
National percentile
Property Price & Volume Trends
The average property price in GL16 is £291,000, sitting just below the national midpoint. Over the past decade, prices have grown at 3.6% annually—roughly in line with the national average. Transaction activity has softened recently, with 173 sales in the latest year compared to a ten-year average of 228, suggesting a modest contraction in market momentum.
Rent & Yield Trends
Average monthly rents in the broader GL area stand at £1,082, slightly above the national median. Rental growth over the past decade has outpaced the national trend at 4.2% per year. The flat yield currently sits at 5.0%, up from a ten-year average of 4.1%, indicating a strengthening rental return relative to historic norms.
Income & Affordability Trends
Average household income in GL16 is £35,069, notably below the national average. The price-to-income ratio has deteriorated from 7.5x in 2016 to 8.3x today, signalling that property has become less affordable relative to earnings. Rental affordability has also slipped, with rent consuming 27.3% of household income compared to 26.1% a decade ago.
Resident Demographic Profile
GL16 has a distinctly mature demographic profile: over a quarter of residents are aged 65 or over—well above the national average of 19.6%—and those aged 50–64 account for 23.1%, also significantly elevated. Young adults aged 16–24 are notably underrepresented at 8.2%. Outright home ownership is high at 42.5%, reflecting the older age structure, while private rental is low at 13.3%. The employment mix is weighted towards trades (15.4%) and caring roles (11.6%), with professionals underrepresented at 13.6%.