Property trends for LA11

    LA11 covers the Lorn and Oban area in Argyll and Bute, on the west coast of Scotland. It is a rural, coastal region with a character shaped by tourism, outdoor recreation, and traditional communities.

    At a Glance

    Average Property Price - LA11

    £302,116

    42

    National percentile

    Average Monthly Rent - LA

    £795

    20

    National percentile

    Average Net Household Income - LA11

    £35,394

    34

    National percentile

    Flat / Maisonette Yield - LA

    4.8%

    17

    National percentile

    10-Year Annualised Price Growth - LA11

    2.8%

    22

    National percentile

    10-Year Annualised Rent Growth - LA

    3.2%

    10

    National percentile

    Property Price & Volume Trends

    The average property price in LA11 is £302,000, placing it slightly below the national average. Over the past decade, prices have grown at 2.8% annually, significantly slower than the UK norm. Transaction volumes have declined: the latest year saw 161 sales against a 10-year average of 220, reflecting reduced market activity.

    Rent & Yield Trends

    Average monthly rent in the broader LA postcode area is £795, well below the national average. Rental growth over the past decade has been modest at 3.2% annually, among the slowest in the country. The flat yield currently stands at 4.8%, a marked improvement from its 10-year average of 4.2%, suggesting rental income is becoming more attractive relative to capital values.

    Income & Affordability Trends

    Average household income in LA11 is £35,400, noticeably below the national average. The price-to-income ratio now stands at 9.0x, a significant deterioration from 7.8x in 2016, reflecting stagnant property growth against modest income growth. Rental affordability has improved slightly over the same period, with the rent-to-income ratio falling from 23.7% to 23.3%.

    Resident Demographic Profile

    LA11 has a distinctly older population: those aged 65 and over account for 37.5% of residents, nearly double the national average, while under-16s and young adults are substantially underrepresented. Outright ownership dominates the tenure landscape at 54.7%, far above the national figure, reflecting both age profile and the prevalence of long-established residents. The employment mix skews towards skilled trades (16.8%) and managers (16.7%), with notably fewer people in plant and machine roles (3.8% versus the national 6.6%).

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