At a Glance
Average Property Price - GL55
£620,195
90
National percentile
Average Monthly Rent - GL
£1,082
58
National percentile
Average Net Household Income - GL55
£43,781
72
National percentile
Flat / Maisonette Yield - GL
5.0%
21
National percentile
10-Year Annualised Price Growth - GL55
2.7%
19
National percentile
10-Year Annualised Rent Growth - GL
4.2%
65
National percentile
Property Price & Volume Trends
At £620,000, GL55 is among the most expensive postcodes nationally. Price growth over the past decade has been modest at 2.7% annually—significantly below the national average. Transaction activity has softened: 86 sales were recorded in the latest full year, against a 10-year average of 124 per year.
Rent & Yield Trends
Average monthly rent in the broader GL area stands at £1,082, close to the national midpoint. Rental growth has been above average at 4.2% annually over the past decade. The flat yield has recovered to 5.0%, now notably above its 10-year average of 4.1%, signalling improved rental income relative to property values.
Income & Affordability Trends
Household income averages £43,781, placing the area well above the national median. Purchase affordability has deteriorated: the price-to-income ratio has risen from 12.7x in 2016 to 16.1x today, making buying increasingly demanding. Rental affordability has also tightened slightly, with rent consuming 27.3% of household income compared to 26.1% in 2016.
Resident Demographic Profile
The population skews notably older and wealthier than national norms. Over one third (31.7%) are aged 65 and over, more than half again the national average, while those aged 16–24 are significantly underrepresented at just 6.4%. Housing tenure reflects affluence: 44.1% own outright, well above the 33.7% national figure, and shared ownership is elevated at 2.7%. The employment mix is weighted towards management roles (22.9% versus 13.4% nationally) and trades (14.2% against 10.5%), with fewer elementary workers.