At a Glance
Average Property Price - L40
£319,002
48
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L40
£35,948
37
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L40
3.1%
33
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The average property price in L40 is £319,000, placing it close to the national midpoint. Over the past decade, prices have grown at 3.1% annually — a below-average pace nationally. Transaction activity has eased from its historical norm, with 301 sales in the latest year compared to a 10-year annual average of 334.
Rent & Yield Trends
Monthly rents in the broader L postcode area average £863, well below the national norm. Rental growth over ten years has been robust at 4.1% annually, outpacing the national average. The flat yield currently stands at 5.7%, a meaningful improvement on the 5.0% ten-year average, reflecting stronger rental returns relative to property values.
Income & Affordability Trends
Average household income in L40 is £35,948, modestly below the national average. The price-to-income ratio of 9.0x indicates that property has become less affordable since 2016, when it stood at 7.4x. Rental affordability has remained broadly stable, with renters currently spending 24.9% of income on rent compared to 25% a decade ago.
Resident Demographic Profile
L40 skews older than the national average, with a notably elevated proportion of residents aged 50–64 (22.1% versus 19.8% nationally) and 65 and over (23.3% versus 19.6% nationally). The area shows a strong ownership culture: 43.6% own outright and a further 33.8% own with a mortgage, together representing a substantially higher owner-occupier share than the national norm. Private rented and social rented tenures are both markedly lower than average. The employment profile is broadly aligned nationally, though professionals are slightly more prevalent at 21.3%.