At a Glance
Average Property Price - LA16
£255,455
29
National percentile
Average Monthly Rent - LA
£795
20
National percentile
Average Net Household Income - LA16
£34,384
28
National percentile
Flat / Maisonette Yield - LA
4.8%
17
National percentile
10-Year Annualised Price Growth - LA16
5.2%
92
National percentile
10-Year Annualised Rent Growth - LA
3.2%
10
National percentile
Property Price & Volume Trends
The average property price in LA16 is £255,000, placing it well below the national average and among the more affordable areas nationally. Over the past decade, prices have grown at 5.2% per year—significantly faster than most of the UK, reflecting steady demand in a relatively constrained market. Transaction activity has remained stable, with 58 sales recorded in the latest year compared to a 10-year average of 60 per year.
Rent & Yield Trends
Average monthly rent across the broader LA postcode is £795, substantially below the national average and among the lowest in the country. Rental growth over the past decade has been muted at 3.2% per year, well below the national trend. The flat yield has improved to 4.8%, up from a 10-year average of 4.2%, reflecting the combination of modest rental levels and low capital values.
Income & Affordability Trends
Average household income of £34,384 is below the national average, placing the area among lower-income regions. The price-to-income ratio of 6.5x has worsened since 2016 (when it was 5.9x), indicating that property price growth has outpaced income gains. Rental affordability has shown modest improvement: the rent-to-income ratio has fallen from 23.7% in 2016 to 23.3%, though this remains a substantial proportion of household earnings.
Resident Demographic Profile
The population is notably older than average, with those aged 50–64 representing 23.7% (against a national average of 19.8%) and over-65s comprising 21.5% (compared to 19.6% nationally). Housing ownership is particularly high: 44.7% own outright and 36.8% own with a mortgage, together representing 81.5% of the population versus 60.7% nationally, while private rental and social rented sectors are underrepresented. The employment profile is weighted towards trades at 15.9% (well above the 10.5% national figure) and caring occupations at 10.9%, whilst professional and managerial roles are somewhat less prevalent than the national average.