At a Glance
Average Property Price - LA15
£179,993
8
National percentile
Average Monthly Rent - LA
£795
20
National percentile
Average Net Household Income - LA15
£32,954
19
National percentile
Flat / Maisonette Yield - LA
4.8%
17
National percentile
10-Year Annualised Price Growth - LA15
3.7%
56
National percentile
10-Year Annualised Rent Growth - LA
3.2%
10
National percentile
Property Price & Volume Trends
The average property price in LA15 is £180,000, placing it among the cheapest in the UK. Over the past decade, prices have grown at 3.7% annually—broadly in line with the national average. Transaction activity has been steady but slightly below its 10-year trend, with 134 sales last year compared to an average of 149.
Rent & Yield Trends
Average monthly rent across the broader LA postcode area stands at £795, well below the national norm. Rental growth over the past decade has been slow at 3.2% per year, ranking among the weakest nationally. The flat yield is currently 4.8%, up from a 10-year average of 4.2%, suggesting improved returns for landlords in recent years.
Income & Affordability Trends
Average household income in LA15 is £32,954, markedly below the national average. The price-to-income ratio of 4.9x has worsened since 2016 (when it was 4.4x), indicating that homes have become less affordable relative to local earnings. Rental affordability has, however, improved slightly: the rent-to-income ratio now stands at 23.3%, down from 23.7% in 2016.
Resident Demographic Profile
The area has a notably older profile: those aged 50–64 and 65+ together account for 46.3% of the population, well above the national combined figure of 39.4%. Ownership is strong—79.4% own either outright or with a mortgage, far exceeding the national rate of 60.7%—while private and social rented tenure is correspondingly low. Employment is dominated by trades (16.2%) and caring professions (11.5%), both notably higher than national averages, reflecting the area's character as a working and service-oriented community.