At a Glance
Average Property Price - LE3
£253,730
29
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE3
£35,434
34
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE3
4.9%
88
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The average property price of £254,000 is below the national average, placing it among the more affordable parts of the country. Over the past decade, prices have grown at 4.9% annually — substantially faster than most UK areas nationally. Transaction activity has slowed, with 829 sales in the latest year compared to a 10-year average of 1,080 per year.
Rent & Yield Trends
Monthly rents average £961, close to the national midpoint. Rental growth has been notably strong at 4.9% per year, outpacing nearly all other UK regions. The flat yield currently stands at 6.3%, up from a 10-year average of 4.9%, indicating improving returns for buy-to-let investors in recent times.
Income & Affordability Trends
Average household income of £35,434 sits below the national average. The price-to-income ratio of 6.9x has risen since 2016 (when it was 6.3x), signalling that property has become less affordable relative to earnings. Rental affordability has improved slightly: the rent-to-income ratio now stands at 24.1% compared with 24.3% in 2016.
Resident Demographic Profile
The area has a notably younger profile than England overall, with 16–24 year-olds comprising 16.2% of the population against a national average of 11.0%. The under-15 age group is also slightly elevated at 19% versus 17.5% nationally. The private rented sector is substantially stronger here at 30.7% compared with 21.7% nationally, while owner-occupation is correspondingly lower. The employment mix skews towards elementary occupations at 17.8% — well above the national 10.2% — and a lower proportion of managers (8.4% versus 13.4% nationally).