At a Glance
Average Property Price - GL5
£371,107
61
National percentile
Average Monthly Rent - GL
£1,082
58
National percentile
Average Net Household Income - GL5
£39,967
58
National percentile
Flat / Maisonette Yield - GL
5.0%
21
National percentile
10-Year Annualised Price Growth - GL5
4.1%
69
National percentile
10-Year Annualised Rent Growth - GL
4.2%
65
National percentile
Property Price & Volume Trends
The average property price in GL5 is £371,000, placing it slightly above the national midpoint. Over the past decade, prices have grown at 4.1% annually—a solid pace that aligns with stronger-than-average national growth. Transaction activity has eased compared to its 10-year trend, with 420 sales recorded in the latest full year against an average of 510, suggesting a modest slowdown in market activity.
Rent & Yield Trends
Average monthly rent across the broader GL postcode stands at £1,082, in line with national norms. Rental growth over ten years has run at 4.2% per year, keeping pace with above-average national rent increases. The flat yield currently sits at 5.0%, notably higher than the 10-year average of 4.1%, reflecting improved returns for landlords in recent years.
Income & Affordability Trends
Average net household income of £40,000 sits close to the national average. Purchase affordability has tightened: the price-to-income ratio now stands at 9.3x, up from 7.9x in 2016, indicating property prices have outpaced income growth meaningfully over that period. Rental affordability has similarly worsened, with rent-to-income ratios rising from 26.1% to 27.3%, though the difference remains modest.
Resident Demographic Profile
GL5 skews notably older and more affluent than the national average. Those aged 50–64 and 65+ together account for 45.1% of the population—well above national figures—whilst younger cohorts (16–24 and 25–34) are underrepresented. Housing tenure is more tilted towards outright ownership at 39.4% versus the national 33.7%, reflecting the area's older demographic. The employment mix shows particular strength in technical roles (14.3%) and trades (12.9%), both above national averages, pointing to a skilled workforce.