At a Glance
Average Property Price - L1
£151,804
3
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L1
£41,647
65
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L1
2.5%
16
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The latest average property price in L1 is £152,000, placing it among the cheapest areas nationally. Over the past decade, prices have grown at 2.5% annually—below the national average pace. Transaction activity has contracted significantly, with 147 sales recorded in the latest full year compared to a 10-year average of 289, signalling reduced market momentum.
Rent & Yield Trends
Average monthly rent in the broader L postcode stands at £863, below the national median. Rental growth has been modest at 4.1% annually over ten years, slightly above the national average. The flat yield has improved to 5.7% from a 10-year average of 5.0%, reflecting the balance between rent and property values in a low-price market.
Income & Affordability Trends
Net household income in the area averages £41,647, slightly above the national median. The price-to-income ratio of 4.1x has edged upward since 2016 (4.0x), indicating modest deterioration in purchase affordability. Rental affordability has improved marginally, with rent-to-income easing from 25% in 2016 to 24.9% today.
Resident Demographic Profile
L1 is heavily skewed towards young adults: 55.6% are aged 16–24, far exceeding the national average of 11.0%, reflecting the presence of universities and student housing. Housing tenure is dominated by private renting at 63.8%, versus 21.7% nationally, with very low ownership levels (6.3% outright, 8% with mortgage). The employment profile is distinctive, with above-average shares of professionals (28%) and sales workers (13.2%), offset by notably few trades workers (4.6%) and plant/machine operators (2.6%).