At a Glance
Average Property Price - LL16
£228,816
21
National percentile
Average Monthly Rent - LL
£721
12
National percentile
Average Net Household Income - LL16
£35,836
36
National percentile
Flat / Maisonette Yield - LL
5.3%
30
National percentile
10-Year Annualised Price Growth - LL16
3.3%
38
National percentile
10-Year Annualised Rent Growth - LL
3.3%
17
National percentile
Property Price & Volume Trends
The average property price in LL16 is £229,000, well below the national average and among the cheapest areas nationally. Over the past decade, prices have grown at 3.3% per year, a rate markedly slower than the national average. Transaction activity last year stood at 141 sales, notably lower than the 10-year average of 183 annual transactions, signalling a softening in demand.
Rent & Yield Trends
Monthly rents in the broader LL postcode area average £721, placing it among the cheapest regions nationally for rental property. Rent growth over the past decade has been 3.3% per year, slower than the national trend. The current flat yield of 5.3% is above its 10-year average of 4.5%, reflecting improved returns for landlords and a shift towards rental investment appeal.
Income & Affordability Trends
Average household income in LL16 is £35,836, modestly below the national median. The price-to-income ratio currently stands at 6.7x, up slightly from 6.4x in 2016, indicating that property affordability has deteriorated marginally over the past seven years. Rental affordability has improved: the rent-to-income ratio has fallen from 24.2% to 22%, suggesting rents have grown more slowly than incomes.
Resident Demographic Profile
The age profile is notably older than national averages, with those aged 50–64 representing 23.2% of the population and those aged 65+ accounting for 23.4%, both well above their respective national shares. Housing tenure shows a strong ownership base, with 40.1% owning outright, above the national average of 33.7%. Employment is skewed towards trades (16% against a national 10.5%) and caring professions (13.3% versus 9.2% nationally), while professional occupations are slightly underrepresented.