At a Glance
Average Property Price - L36
£196,084
11
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L36
£32,134
15
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L36
5.1%
90
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The average property price in L36 is £196,000, placing it among the cheapest in the UK. Despite this low price level, the area has experienced notably strong growth: annualised house price appreciation of 5.1% over the past decade sits among the fastest nationally. Transaction activity has moderated, with 398 sales in the latest full year compared to a ten-year average of 520, reflecting a slowdown in market turnover.
Rent & Yield Trends
Average monthly rent across the broader L postcode area is £863, below the national average. Rental growth of 4.1% annually over the past decade has broadly matched the national trend. The flat yield currently stands at 5.7%, notably above its ten-year average of 5.0%, signalling an improvement in rental returns and a favourable environment for buy-to-let investors.
Income & Affordability Trends
Average net household income in L36 is £32,134, well below the national average. The price-to-income ratio of 5.9x has deteriorated since 2016 (when it stood at 4.9x), reflecting income growth that has lagged behind house price appreciation and making purchase less affordable over time. Rental affordability has remained stable, with the rent-to-income ratio at 24.9% compared to 25% in 2016, indicating steady housing costs relative to earnings.
Resident Demographic Profile
The population skews notably towards older age groups, with those aged 50–64 accounting for 21.8% compared to the national average of 19.8%. Housing tenure is more balanced between mortgaged ownership (31.4%) and outright ownership (31.1%), though social renting is significantly above average at 24.4% versus the national 16.5%. Private renting is notably low at 12.1%. The employment profile reflects a stronger representation in caring occupations (11.2% versus 9.2% nationally) and administrative roles (11.3% versus 9.0%), while professional and managerial positions are underrepresented at 16.4% and 9.4% respectively.