At a Glance
Average Property Price - L37
£374,164
62
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L37
£40,583
61
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L37
3.0%
28
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The average property price in L37 stands at £374,000, placing it slightly above the national midpoint. Over the past decade, prices have grown at an annualised rate of 3.0%, which is below the national average, indicating more modest appreciation than many other regions. Transaction activity has softened, with 327 sales recorded in the latest full year against a 10-year average of 393 annually.
Rent & Yield Trends
Average monthly rent in the broader L postcode area is £863, well below the national median, reflecting the area's affordability. Rental growth over ten years has averaged 4.1% per annum, slightly outpacing the national trend. The flat yield currently stands at 5.7%, up from a 10-year average of 5.0%, suggesting improved returns for buy-to-let investors in recent times.
Income & Affordability Trends
Average household net income is £40,583, broadly in line with the national average. The price-to-income ratio of 8.9x has deteriorated since 2016 (when it stood at 8.1x), indicating that property prices have grown faster than local earnings. Rental affordability has remained stable, with the rent-to-income ratio holding virtually flat at 24.9% compared to 25% in 2016.
Resident Demographic Profile
L37 has a notably aged population: 31.8% are aged 65 or over—significantly above the national figure of 19.6%—while those aged 16–34 are substantially underrepresented at just 15.4% combined. Owner-occupation is exceptionally high, with 54.6% owning outright and a further 30.3% with a mortgage, meaning only 14.6% rent. The employment profile skews towards professional and managerial roles (43.4% combined), well above national norms, while manual and elementary occupations are notably scarce.