At a Glance
Average Property Price - L38
£387,672
65
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L38
£37,707
47
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L38
5.6%
94
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The average property price in L38 is £388,000, placing it above the national midpoint. Over the past decade, the area has seen annualised price growth of 5.6%, which ranks among the fastest-growing areas nationally. Transaction activity has softened recently, with 32 sales in the latest full year compared to a 10-year average of 38 per year.
Rent & Yield Trends
Average monthly rent across the L postcode area stands at £863, well below the national average. Rental growth over the past decade has been moderate at 4.1% annually, in line with national trends. The flat yield has improved to 5.7%, up from a 10-year average of 5.0%, reflecting a favourable shift for landlords.
Income & Affordability Trends
Average net household income is £38,000, broadly in line with the national average. The price-to-income ratio has risen to 9.1x from 7.6x in 2016, indicating that property has become less affordable relative to earnings over this period. Rental affordability has remained stable, with rent consuming 24.9% of income compared to 25% six years ago.
Resident Demographic Profile
The area has a markedly older population: 26.5% are aged 65 and over, well above the national average of 19.6%, while the working-age 25–34 cohort is notably under-represented at 9.7% against the national norm of 13.4%. Outright home ownership is exceptionally high at 46.5% against a national average of 33.7%, reflecting the age profile. The employment mix is broadly typical, though there is slightly stronger representation in technical and administrative roles.