At a Glance
Average Property Price - L24
£210,901
15
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L24
£31,235
11
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L24
5.9%
96
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The average property price in L24 is £211,000, placing it among the cheapest in the UK nationally. The district has experienced robust long-term growth, with prices rising at an annualised rate of 5.9% over the past decade—significantly faster than the national average. Transaction activity has cooled in the latest year, with 117 sales recorded against a 10-year average of 169 per annum.
Rent & Yield Trends
Average monthly rent across the wider L postcode area is £863, below the national median. Rental growth has been steady at 4.1% annually over ten years, broadly in line with the national pace. The flat yield currently stands at 5.7%, an improvement on its 10-year average of 5.0%, reflecting strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average household income in L24 is £31,235, well below the national average. The price-to-income ratio sits at 5.4x, unchanged since 2016, indicating that affordability for first-time buyers has remained stable rather than improved. Rental affordability has also held steady, with tenants spending 24.9% of income on rent—virtually unchanged from 25% in 2016.
Resident Demographic Profile
L24 has a notably higher proportion of children, with over one-fifth aged under 15 compared to the national average of 17.5%. Social rented housing dominates the tenure mix at nearly 39%—more than double the national average of 16.5%—while owner-occupation is correspondingly lower. The employment profile is weighted heavily towards elementary and plant/machine roles, together accounting for nearly 30% of the workforce, against a combined national average of under 17%; professional occupations are markedly underrepresented at 12.3% versus the national 20.5%.