At a Glance
Average Property Price - L16
£324,007
49
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L16
£39,529
56
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L16
4.7%
85
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The latest average property price in L16 is £324,000, close to the national median. Over the past decade, the area has seen robust growth of 4.7% annually, ranking among the faster-growing districts nationally. Transaction activity has eased recently, with 144 sales in the latest full year compared to a 10-year average of 186, suggesting a softening in market momentum.
Rent & Yield Trends
Average monthly rent across the broader L postcode stands at £863, below the national average. Rental growth has been moderate at 4.1% annually over the decade, in line with national trends. The flat yield has improved to 5.7%, above its 10-year average of 5.0%, reflecting better returns for landlords in the current market.
Income & Affordability Trends
Average household income of £39,529 is close to the national average. Purchase affordability has deteriorated: the price-to-income ratio stands at 7.9x, up from 6.5x in 2016, indicating homes now require significantly more years of income to buy. Rental affordability has remained stable, with rent currently absorbing 24.9% of income compared to 25% in 2016.
Resident Demographic Profile
The area has a notably higher proportion of older residents, with 19.8% aged 50–64 and 18.6% aged 65+, compared to national averages of 19.8% and 19.6% respectively. Young adults aged 16–24 are overrepresented at 16.6% versus 11.0% nationally. Housing tenure is heavily skewed toward ownership: 41.3% own outright and 37.1% own with a mortgage, combined well above the national 60.7%. Professional workers dominate employment at 26.8%, significantly above the national 20.5%.