At a Glance
Average Property Price - L31
£256,301
29
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L31
£36,370
40
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L31
3.8%
59
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The latest average property price in L31 is £256,000, placing it below the national average. Over the past decade, prices have grown at 3.8% annually — a pace close to the national median. Transaction activity has softened recently, with 410 sales in the latest full year compared to a 10-year average of 487, reflecting a modest slowdown in market turnover.
Rent & Yield Trends
Average monthly rent across the L postcode area stands at £863, below the national median. Rent has grown at 4.1% annually over ten years, slightly above the national average rate. The current flat yield of 5.7% sits above its 10-year average of 5.0%, signalling improving returns for landlords despite the modest rent base.
Income & Affordability Trends
Average net household income in L31 is £36,370, slightly below the national average. The price-to-income ratio of 6.5x has worsened since 2016, when it stood at 5.6x, indicating that property prices have outpaced income growth over this period. Rental affordability has remained essentially flat, with the rent-to-income ratio holding steady at around 25% of income.
Resident Demographic Profile
The population is notably older than the national average, with over a quarter aged 65 and above compared to 20% nationally, and a particularly strong 50–64 age group at 22%. Housing tenure is heavily skewed towards owner-occupation: 48% own outright and 37% own with a mortgage, far exceeding national averages, while private renting is minimal at 9%. The employment base shows a slightly elevated proportion of professionals and technical workers, with administrative roles also more prominent than nationally.