At a Glance
Average Property Price - L28
£127,284
1
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L28
£28,217
5
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L28
7.4%
99
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
L28 is among the cheapest postcodes nationally, with an average price of £127,000. Despite this low price base, it has experienced exceptional growth over the past decade, with 10-year annualised gains of 7.4% — among the fastest nationally. Transaction activity has slowed noticeably, with 19 sales in the latest full year compared to a 10-year average of 32 per year.
Rent & Yield Trends
Average monthly rent in the broader L area stands at £863, below the national average. Rental growth over the past decade has been moderate at 4.1% annually, slightly above the national pace. The current flat yield of 5.7% is notably higher than the 10-year average of 5.0%, reflecting improved returns for investors in this segment.
Income & Affordability Trends
Average household income in L28 is £28,217, significantly below the national average and among the lowest nationally. Purchase affordability has deteriorated sharply: the price-to-income ratio has risen from 2.9x in 2016 to 4.2x today, widening the gap between local incomes and home values. Rental affordability has remained broadly stable, with rent consuming 24.9% of income compared to 25% a decade ago.
Resident Demographic Profile
The age profile skews slightly older, with 21.7% aged 50–64 and notably fewer aged 25–34 (14.1%). Housing tenure is dominated by social renting at 44.2% — far above the national average of 16.5% — while owner-occupation (both outright and mortgaged) is correspondingly low at 42.3%. The employment mix reflects a working-class composition, with higher concentrations in caring professions (13.5%), elementary roles (14.4%), and plant/machine work (11.8%), all well above national norms.