At a Glance
Average Property Price - GL18
£328,066
51
National percentile
Average Monthly Rent - GL
£1,082
58
National percentile
Average Net Household Income - GL18
£39,211
55
National percentile
Flat / Maisonette Yield - GL
5.0%
21
National percentile
10-Year Annualised Price Growth - GL18
4.4%
77
National percentile
10-Year Annualised Rent Growth - GL
4.2%
65
National percentile
Property Price & Volume Trends
The average property price of £328,000 sits around the national midpoint. Over the past decade, the area has experienced above-average price growth of 4.4% annually, placing it among the stronger-performing regions nationally. Transaction activity has slowed compared to its 10-year average, with 115 sales recorded in the latest full year against a long-term average of 153.
Rent & Yield Trends
Average monthly rent of £1,082 is in line with the national average. Rental growth has been solid at 4.2% annually over the decade, keeping pace with national trends. The flat yield has strengthened to 5.0%, above its 10-year average of 4.1%, reflecting improved rental returns for investors.
Income & Affordability Trends
Average household income of £39,211 is close to the national average. The price-to-income ratio of 8.6x has risen from 7.2x in 2016, indicating property has become less affordable relative to earnings. Rental affordability has also tightened, with rent now consuming 27.3% of income compared to 26.1% in 2016.
Resident Demographic Profile
The population is notably older than the national average, with 25.5% aged 65 and above compared to 19.6% nationally, and only 15.6% under 15 against 17.5% nationally. Housing tenure is skewed towards outright ownership at 44.5%, well above the national average of 33.7%. The employment mix shows above-average representation in skilled trades at 14.4% and a stronger presence of managers and professionals, offset by fewer people in elementary roles and sales positions.