At a Glance
Average Property Price - LL22
£232,781
22
National percentile
Average Monthly Rent - LL
£721
12
National percentile
Average Net Household Income - LL22
£33,419
22
National percentile
Flat / Maisonette Yield - LL
5.3%
30
National percentile
10-Year Annualised Price Growth - LL22
4.7%
84
National percentile
10-Year Annualised Rent Growth - LL
3.3%
17
National percentile
Property Price & Volume Trends
The latest average property price of £233,000 sits well below the national average, placing it among the more affordable regions nationally. Ten-year price growth of 4.7% per year significantly outpaces the national average, ranking among the fastest-growing markets over the decade. Transaction activity has declined recently, with 267 sales in the latest year compared to a 10-year average of 337 annually.
Rent & Yield Trends
Average monthly rents of £721 are substantially below the national average, reflecting the area's affordable positioning. Ten-year rent growth of 3.3% per year is notably slower than the national trend. The flat yield of 5.3% has strengthened materially from its 10-year average of 4.5%, signalling improving returns for buy-to-let investors.
Income & Affordability Trends
Average net household income of £33,419 sits below the national average. The price-to-income ratio of 6.5x indicates broadly stable purchase affordability compared to 2016 (6.4x), though the market has become marginally less accessible. Rental affordability has improved markedly: the rent-to-income ratio has fallen from 24.2% in 2016 to 22% today, making rentals notably more affordable.
Resident Demographic Profile
The population skews notably older, with nearly three in ten residents aged 65 and over—well above the national average of one in five—while those aged 16–24 are significantly underrepresented at under 8%. Housing tenure reflects this profile: outright ownership is exceptionally high at 45%, compared to the national average of 34%, whilst the 50–64 age group is also overrepresented at 22%. Employment is concentrated in trades (15%, above the national 10.5%) and caring professions (13%, well above the national 9.2%), with professionals notably underrepresented at 16%.