At a Glance
Average Property Price - L22
£235,296
23
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L22
£33,360
21
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L22
4.6%
82
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The average property price in L22 stands at £235,000, placing it below the national average. However, the district has experienced notably strong price growth over the past decade, with annualised appreciation of 4.6% — among the fastest growth rates nationally. Transaction activity has eased recently, with 145 sales in the latest year compared to a 10-year average of 203 annually, suggesting a cooling in market momentum.
Rent & Yield Trends
Average monthly rents in the broader L postcode area are £863, which is below the national average. Rental growth over the past decade has been moderate at 4.1% annualised, broadly in line with national trends. The flat yield currently stands at 5.7%, an improvement on the 10-year average of 5.0%, indicating that rental returns have strengthened in recent years.
Income & Affordability Trends
Average net household income in L22 is £33,360, which is below the national average. The price-to-income ratio currently stands at 6.3x, having risen from 5.8x in 2016, indicating that property affordability has worsened over this period. Rental affordability has remained relatively stable, with rent-to-income currently at 24.9% versus 25% in 2016.
Resident Demographic Profile
The population skews slightly older than the national average, with those aged 50–64 representing 22.4% compared to 19.8% nationally. The young adult population (16–24) is notably underrepresented at 8.7% versus the national average of 11.0%. Housing tenure shows a strong mortgage-owning sector at 30.5%, while private rental is higher than average at 25.8%. The employment profile is distinctive for a notably high proportion of professionals at 22.3% and a strong technical workforce at 14.4%, balanced by above-average representation in administrative roles at 12.5%.