At a Glance
Average Property Price - L9
£166,545
5
National percentile
Average Monthly Rent - L
£863
29
National percentile
Average Net Household Income - L9
£31,231
11
National percentile
Flat / Maisonette Yield - L
5.7%
51
National percentile
10-Year Annualised Price Growth - L9
4.9%
88
National percentile
10-Year Annualised Rent Growth - L
4.1%
61
National percentile
Property Price & Volume Trends
The latest average property price in L9 is £167,000, placing it among the cheapest areas nationally. Ten-year annualised price growth stands at 4.9%, well above the national average and among the fastest-growing postcodes in the country. Transaction volumes have eased slightly, with 298 sales in the latest full year compared to an annual average of 351 over the past decade.
Rent & Yield Trends
Average monthly rent in the wider L postcode area is £863, below the national average. Ten-year rent growth of 4.1% is broadly in line with national trends. The flat yield stands at 5.7%, a meaningful improvement on the ten-year average of 5.0%, reflecting stronger rental returns for investors in the area.
Income & Affordability Trends
Average net household income is £31,231, substantially below the national average and among the lowest across UK postcodes. The price-to-income ratio is 4.6x, slightly worsened from 4.5x in 2016, indicating that affordability for owner-occupiers has tightened modestly. Rental affordability has improved marginally: the rent-to-income ratio is 24.9% compared to 25% in 2016.
Resident Demographic Profile
The population skews slightly older than average, with a notably elevated share aged 50–64 (21% vs 19.8% nationally) and a below-average proportion aged 65+ (15.3% vs 19.6%). Social rented housing is markedly overrepresented at 24.5% compared to 16.5% nationally, whilst outright ownership is correspondingly lower at 27.2%. The employment mix is heavily weighted towards elementary occupations (14.2% vs 10.2% nationally) and caring roles (12.5% vs 9.2% nationally), with professional occupations significantly underrepresented at 14% versus 20.5% nationally.