At a Glance
Average Property Price - L12
£228,177
20
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L12
£34,661
29
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L12
2.9%
25
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The latest average property price in L12 is £228,000, placing it among the cheaper districts nationally. Over the past decade, prices have grown at an annualised rate of 2.9%, which is below the national growth rate. Transaction activity has cooled; the latest year saw 282 sales against a 10-year average of 368, indicating a slowdown in turnover.
Rent & Yield Trends
Average monthly rent in the L postcode area is £863, which is below the national average. Rental growth over ten years has been strong at 4.1% annually, outpacing national trends. The flat yield currently stands at 5.7%, which is above its 10-year average of 5.0%, suggesting improving returns for landlords.
Income & Affordability Trends
Average net household income is £34,661, placing the area among the lower-income districts nationally. The price-to-income ratio of 6.2x has deteriorated since 2016 (when it was 5.1x), making property purchase less affordable relative to earnings. Rental affordability has improved marginally; the rent-to-income ratio has fallen from 25% in 2016 to 24.9% today.
Resident Demographic Profile
The population skews notably older, with those aged 50–64 representing 22.5% (against a national average of 19.8%) and over-65s at 20.4% (against 19.6% nationally). The younger working-age cohort aged 16–24 is notably underrepresented at 9.3% versus 11% nationally. Homeownership is strong, with 70.7% owning outright or with a mortgage, well above the national figure of 60.7%, and private renting is correspondingly lower at 14.5% versus 21.7% nationally.