At a Glance
Average Property Price - LD5
£328,182
51
National percentile
Average Monthly Rent - LD
£615
0
National percentile
Average Net Household Income - LD5
£32,089
14
National percentile
Flat / Maisonette Yield - LD
5.4%
36
National percentile
10-Year Annualised Price Growth - LD5
5.3%
92
National percentile
10-Year Annualised Rent Growth - LD
3.2%
12
National percentile
Property Price & Volume Trends
The average property price in LD5 is £328,000, placing it close to the national median. Over the past decade, the district has experienced annualised price growth of 5.3%, which ranks among the fastest-growing areas nationally. However, transaction activity has slowed significantly: only 11 sales were recorded in the latest year, down from a 10-year average of 21 per annum, suggesting a tightening market.
Rent & Yield Trends
Average monthly rent in the LD postcode area is £615, considerably below the national average, reflecting the rural character of the region. Rental growth over ten years has been modest at 3.2% annually, slower than the national trend. The flat yield currently stands at 5.4%, unchanged from its 10-year average, indicating stable rental returns with no meaningful shift in investor performance.
Income & Affordability Trends
Average net household income is £32,089, notably below the national average, placing the area among lower-income districts. The price-to-income ratio has deteriorated from 8.2x in 2016 to 9.3x today, signalling that property has become less affordable relative to local earnings. Rental affordability has improved slightly: the rent-to-income ratio has fallen from 21.5% to 20%, suggesting rents have grown more slowly than incomes.
Resident Demographic Profile
The population is heavily skewed towards older age groups: nearly 29% are aged 65 and over, compared to a national average of 20%, whilst those aged 16–24 represent just 8%, well below the national 11%. Housing tenure is dominated by outright ownership at 51%, far exceeding the national 34%, reflecting a mature, settled population with low mortgage debt. The employment mix is distinctive for its high proportion of trades workers at 24% against a national average of 11%, alongside above-average caring roles at 12%, reflecting the district's rural and service-oriented economy.