At a Glance
Average Property Price - L32
£171,794
6
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L32
£29,145
6
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L32
5.9%
96
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The latest average property price in L32 is £172,000, placing it among the most affordable areas nationally. Over the past decade, the district has achieved annualised price growth of 5.9%, which ranks among the strongest growth rates across the UK. Transaction volume has slowed in the latest year, with 151 sales compared to a 10-year average of 199 annually.
Rent & Yield Trends
Average monthly rent in the L postcode area is £863, below the national average. Rents have grown at 4.1% per year over the past decade, broadly in line with the national trend. The flat yield stands at 5.7%, notably higher than the 10-year average of 5.0%, reflecting a favourable return environment for buy-to-let investors in this area.
Income & Affordability Trends
Average net household income is £29,145, significantly below the national average and among the lowest nationally. The price-to-income ratio of 5.1x has deteriorated since 2016 (when it stood at 4.0x), indicating property has become less affordable relative to local earnings. Rental affordability has remained broadly stable, with rent-to-income at 24.9% compared to 25% in 2016.
Resident Demographic Profile
The population skews slightly older, with 20.9% aged 50–64 and only 10.4% aged 16–24. Social rented housing is notably prevalent at 28.6%, nearly double the national average of 16.5%, while outright ownership is below average at 25.9%. The employment profile reflects a blue-collar character, with above-average representation in trades (11%), plant and machinery roles (11.5%), elementary work (14.3%), and caring roles (13.2%), offset by lower proportions in professional and managerial positions.