At a Glance
Average Property Price - LA3
£203,253
13
National percentile
Average Monthly Rent - LA
£795
20
National percentile
Average Net Household Income - LA3
£30,814
10
National percentile
Flat / Maisonette Yield - LA
4.8%
17
National percentile
10-Year Annualised Price Growth - LA3
3.6%
51
National percentile
10-Year Annualised Rent Growth - LA
3.2%
10
National percentile
Property Price & Volume Trends
The average property price in LA3 is £203,000, placing it among the least expensive districts nationally. Over the past decade, prices have grown at 3.6% annually — in line with the national trend. Transaction volumes have softened slightly, with 370 sales in the latest year compared to a 10-year average of 405, suggesting a moderately active but cooling market.
Rent & Yield Trends
Average monthly rents across the broader LA postcode area stand at £795, well below the national average. Rental growth over the past decade has been subdued at 3.2% annually, among the slowest nationally. The flat yield has improved to 4.8%, up from a 10-year average of 4.2%, reflecting the better returns available to buy-to-let investors in this price bracket.
Income & Affordability Trends
Average household income in LA3 is £31,000, significantly below the national average and among the lowest regionally. The price-to-income ratio of 6.2x has deteriorated since 2016 (5.4x), indicating housing has become less affordable for local earners. Rental affordability has marginally improved: the rent-to-income ratio stands at 23.3%, down from 23.7% in 2016, though it remains stretched relative to income.
Resident Demographic Profile
The population skews older than average, with over a fifth aged 65 and above compared to the national figure of 19.6%; conversely, young adults aged 16–24 are underrepresented at 9.1%. Housing tenure is weighted towards outright ownership (37.5%), notably above the national average of 33.7%, while social rented accommodation is below average. The employment profile is distinctive for a high concentration in caring professions (14.2% vs 9.2% nationally) and trades (12.6% vs 10.5%), alongside below-average representation in professional roles.