At a Glance
Average Property Price - LD1
£253,301
29
National percentile
Average Monthly Rent - LD
£615
0
National percentile
Average Net Household Income - LD1
£30,333
8
National percentile
Flat / Maisonette Yield - LD
5.4%
36
National percentile
10-Year Annualised Price Growth - LD1
4.3%
75
National percentile
10-Year Annualised Rent Growth - LD
3.2%
12
National percentile
Property Price & Volume Trends
The latest average property price in LD1 is £253,000, which sits below the national average. However, the area has experienced notably strong growth over the past decade, with annual price gains of 4.3% — among the fastest nationally. Transaction activity has moderated in the latest year, with 133 sales compared to a 10-year average of 165, reflecting a slight pullback in market momentum.
Rent & Yield Trends
Average monthly rental costs stand at £615, placing the area among the least expensive in the country. Rental growth over the past decade has been modest at 3.2% annually, below the national pace. The flat yield remains steady at 5.4%, maintaining its 10-year average and indicating a balanced rental market with consistent investor returns.
Income & Affordability Trends
Average household income in LD1 is £30,333, significantly below the national average — among the lowest in the UK. The price-to-income ratio has risen to 7.6x from 7.1x in 2016, indicating that property affordability has worsened for local buyers. Rental affordability has improved, however, with the rent-to-income ratio falling from 21.5% to 20% over the same period.
Resident Demographic Profile
LD1 has a notably older population profile, with nearly one-third of residents aged 65 and over, against a national figure of 19.6%, and only 7.7% aged 16–24 compared to 11.0% nationally. Housing tenure is marked by a high rate of outright ownership at 46.6%, well above the national average of 33.7%, and correspondingly lower mortgage-backed ownership. The employment mix is heavily skewed towards trades at 19.7%, nearly twice the national average, while professional employment at 12.5% is well below the national norm of 20.5%.