At a Glance
Average Property Price - L10
£199,186
12
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L10
£32,925
18
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L10
5.3%
92
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The latest average property price in L10 is £199,000, placing it well below the national average—among the cheapest districts nationally. Over the past decade, the area has experienced annualised price growth of 5.3%, significantly outpacing the national trend and ranking among the fastest-growing districts in the country. Transaction activity has softened recently, with 142 sales in the latest full year compared to a 10-year average of 180 per year.
Rent & Yield Trends
Average monthly rent across the broader L postcode area stands at £863, below the national average. Rental growth over ten years has been steady at 4.1% annually, broadly in line with the national trend. The flat yield currently sits at 5.7%, a noticeable improvement from the 10-year average of 5.0%, signalling increasingly attractive returns for buy-to-let investors.
Income & Affordability Trends
Average net household income in L10 is £32,925, considerably below the national average. The price-to-income ratio has deteriorated since 2016, rising from 4.5x to 5.6x, reflecting faster house price growth than income growth. Rental affordability has improved slightly over the same period; the rent-to-income ratio has fallen from 25% to 24.9%, indicating marginally better value for renters.
Resident Demographic Profile
The age profile skews notably older than the national average, with those aged 50–64 comprising 22.2% of the population against a national average of 19.8%. The housing tenure mix differs markedly: mortgaged ownership is above average at 31.4%, while private renting is significantly below average at 15.2%. Social rented accommodation accounts for 20.9% of homes, well above the national average of 16.5%. Employment is more concentrated in caring roles (11.6% vs 9.2% nationally) and administrative positions (12.7% vs 9.0%), with fewer professionals and managers than the national norm.