At a Glance
Average Property Price - LD2
£272,555
34
National percentile
Average Monthly Rent - LD
£615
0
National percentile
Average Net Household Income - LD2
£32,143
15
National percentile
Flat / Maisonette Yield - LD
5.4%
36
National percentile
10-Year Annualised Price Growth - LD2
2.8%
24
National percentile
10-Year Annualised Rent Growth - LD
3.2%
12
National percentile
Property Price & Volume Trends
The average property price in LD2 is £273,000, placing it well below the national average and among the least expensive districts nationally. Over the past decade, prices have grown at 2.8% annually—significantly slower than the national trend. Transaction activity has cooled markedly, with 44 sales in the latest year against a 10-year average of 75, suggesting a tightening market.
Rent & Yield Trends
Monthly rents in the broader LD postcode area average £615, putting them among the lowest in the country. Rental growth has been modest at 3.2% annually over ten years, well below the national pace. The flat yield stands at 5.4%, holding steady with its 10-year average and indicating stable rental returns relative to property values.
Income & Affordability Trends
Average household income in LD2 is £32,143, significantly below the national average and among the lowest regionally. The price-to-income ratio of 7.8x has worsened since 2016 (when it was 6.8x), suggesting property prices have outpaced income growth and affordability has tightened for buyers. Rental affordability has marginally improved: renters now spend 20% of income on housing, down from 21.5% in 2016.
Resident Demographic Profile
LD2 has a markedly older population: nearly 30% are aged 65 and over—well above the national average of 20%—while those aged 16–24 represent just 7.7%, far below the national 11%. Housing is dominated by outright ownership at 50.7%, nearly half again the national rate, reflecting the area's older demographic. The employment mix is heavily skewed toward trades at 22.7% (more than double the national 10.5%), alongside a notably strong caring professions sector at 11.1%, while professional occupations are underrepresented at 13.5%.