At a Glance
Average Property Price - LA22
£563,655
87
National percentile
Average Monthly Rent - LA
£795
20
National percentile
Average Net Household Income - LA22
£33,431
22
National percentile
Flat / Maisonette Yield - LA
4.8%
17
National percentile
10-Year Annualised Price Growth - LA22
3.9%
63
National percentile
10-Year Annualised Rent Growth - LA
3.2%
10
National percentile
Property Price & Volume Trends
The average property price in LA22 stands at £564,000, placing it among the most expensive nationally. Over the past decade, prices have grown at 3.9% annually—roughly in line with the national average. Transaction activity has eased significantly, with 52 sales recorded in the latest year compared to a 10-year average of 85, suggesting a slower, quieter market.
Rent & Yield Trends
Average monthly rent in the wider LA postcode is £795, well below the national average and among the cheapest rental markets in the country. Rental growth over ten years has been modest at 3.2% annually, placing it in the slowest-growing quartile nationally. The flat yield has improved to 4.8%, up from a 10-year average of 4.2%, reflecting relatively better returns for landlords despite low absolute rent levels.
Income & Affordability Trends
Average household income is £33,431, considerably below the national average and placing it in the lower fifth nationally. The price-to-income ratio has deteriorated to 15.8x from 12.2x in 2016, meaning properties have become less affordable relative to local earnings. Rental affordability has remained relatively stable, with rent consuming 23.3% of income compared to 23.7% in 2016, suggesting tenants' positions have held steady.
Resident Demographic Profile
LA22 has a distinctly older population: nearly 30% are aged 65 and over—half as much again as the national average—while those under 35 are substantially under-represented. Housing tenure is heavily weighted towards outright ownership at 42.6%, well above the national average, reflecting the area's retiree demographics. The employment profile is marked by an unusually high proportion of managers (19.8%) and trades workers (17.4%), alongside notably fewer professionals (13.2%) than the national norm.