At a Glance
Average Property Price - L5
£130,286
1
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L5
£24,456
3
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L5
5.5%
93
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The L5 district is among the cheapest in the UK, with an average price of £130,000. Despite this low base, prices have grown strongly over the past decade, rising at an annualised rate of 5.5%—well above the national average. However, transaction activity has slowed significantly, with 81 sales in the latest year compared to an average of 167 annually over the past ten years.
Rent & Yield Trends
Average monthly rent in the broader L postcode area stands at £863, below the national median. Rental growth has kept pace with the national trend, rising at 4.1% annually over ten years. The flat yield has improved noticeably, currently at 5.7% compared to its ten-year average of 5.0%, reflecting stronger returns for buy-to-let investors.
Income & Affordability Trends
Average household income is £24,456, among the lowest nationally. Purchasing affordability has deteriorated: the price-to-income ratio has risen from 3.5x in 2016 to 5.1x today, making owner-occupation considerably less accessible despite low absolute prices. Rental affordability has remained broadly stable, with rent consuming about 25% of household income both now and a decade ago.
Resident Demographic Profile
The area has a notably high concentration of social housing (nearly 50% of all tenure, against a national average of 16.5%) and correspondingly low owner-occupation rates. Employment is skewed towards elementary occupations (nearly 20% of the workforce, double the national average) and caring roles, while professional and managerial employment is significantly below national levels. The age profile is younger than average, with a notably higher proportion aged 25–34.