At a Glance
Average Property Price - GL50
£399,680
67
National percentile
Average Monthly Rent - GL
£1,082
58
National percentile
Average Net Household Income - GL50
£40,676
61
National percentile
Flat / Maisonette Yield - GL
5.0%
21
National percentile
10-Year Annualised Price Growth - GL50
3.3%
38
National percentile
10-Year Annualised Rent Growth - GL
4.2%
65
National percentile
Property Price & Volume Trends
The average property price in GL50 is £400,000, placing it above the national midpoint. Prices have grown at 3.3% annually over the past decade, a below-average pace nationally. Transaction activity has slowed: 391 sales in the latest full year compare with a 10-year average of 487, a decline of around 20%.
Rent & Yield Trends
Average monthly rents in the broader GL area are £1,082, close to the national median. Rents have grown at 4.2% annually over ten years, faster than the national average. The flat yield currently stands at 5.0%, notably above its 10-year average of 4.1%, reflecting recent improvement in rental returns.
Income & Affordability Trends
Average household net income in GL50 is £40,676, slightly above the national average. The price-to-income ratio of 9.5x has worsened since 2016 (when it stood at 9.0x), indicating that property has become less affordable relative to local earnings. Rental affordability has also tightened: the rent-to-income ratio has risen from 26.1% to 27.3%, suggesting higher pressure on tenant budgets.
Resident Demographic Profile
GL50 has a notably young profile, with those aged 16–24 representing 19.3% of the population against a national average of 11.0%. The private rented sector dominates at 39.5% of all housing, more than double the national share, while outright ownership at 27.3% is below the national average of 33.7%. The workforce is skewed towards higher-skilled roles: professionals account for 24.6% (above the national 20.5%), while trades are notably underrepresented at 7.3% against a national 10.5%.