At a Glance
Average Property Price - L23
£316,239
47
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L23
£38,080
50
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L23
3.9%
64
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The current average property price of £316k places L23 close to the national midpoint. The area has seen solid growth of 3.9% annually over the past decade, slightly above the national average. Transaction volumes have eased recently, with 395 sales in the latest year compared to a ten-year average of 450—a modest softening in activity.
Rent & Yield Trends
Rental values in the broader L postcode area average £863 per month, well below the national average. However, rents have grown at a healthy 4.1% per year over the past decade, outpacing national growth slightly. The flat yield of 5.7% is notably stronger than the ten-year average of 5.0%, reflecting improved returns for investors.
Income & Affordability Trends
Average net household income stands at £38k, in line with the national average. Affordability for buyers has tightened slightly: the price-to-income ratio of 7.9x is up from 7.0x in 2016, making property purchase somewhat more stretched. For renters, the picture is stable: rent now consumes 24.9% of income compared to 25% in 2016, a marginal improvement.
Resident Demographic Profile
L23 is notably older than average, with over a fifth of the population aged 65+ and a quarter in the 50–64 bracket. The 16–24 age group is significantly underrepresented at 8.2%. Housing tenure is weighted heavily towards owner-occupation: 41.6% own outright (well above the 33.7% national average) and a further 33.8% own with a mortgage, leaving just 15.1% in private rental. The employment profile skews towards higher-skilled roles, with professionals and technical workers together making up nearly 40% of the workforce.