At a Glance
Average Property Price - L33
£180,263
8
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L33
£30,608
9
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L33
6.6%
99
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The average property price in L33 is £180,000, placing it among the cheapest areas nationally. Over the past decade, the district has experienced annualised price growth of 6.6%, which ranks among the fastest nationally and significantly outpaces the typical regional trajectory. Transaction activity has eased to 155 sales in the latest full year, down from a ten-year average of 184 per year.
Rent & Yield Trends
Average monthly rents in the broader L postcode area stand at £863, below the national midpoint. Rental growth over ten years has averaged 4.1% per annum, modestly below the national pace. The flat yield has improved to 5.7%, up from a ten-year average of 5.0%, reflecting strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average net household income of £31,000 falls well below the national average, placing the area among the lowest-income districts nationally. The price-to-income ratio has risen to 5.1x from 4.3x in 2016, indicating that property has become less affordable relative to earnings. The rent-to-income ratio stands at 24.9%, showing a marginal improvement from 25% in 2016, suggesting rental affordability has remained broadly stable.
Resident Demographic Profile
The area has a notably higher proportion of children, with 21.8% under 15 compared to the national average of 17.5%. Social rented housing is particularly prevalent at 30.5%, nearly double the national figure of 16.5%, while outright ownership is correspondingly lower at 24.3%. The employment profile is weighted towards elementary roles (14% versus 10.2% nationally) and caring professions (12.7% versus 9.2%), with notably fewer professionals (11.9% versus 20.5%) than the national average.