At a Glance
Average Property Price - LL23
£225,273
20
National percentile
Average Monthly Rent - LL
£721
12
National percentile
Average Net Household Income - LL23
£35,012
31
National percentile
Flat / Maisonette Yield - LL
5.3%
30
National percentile
10-Year Annualised Price Growth - LL23
4.0%
65
National percentile
10-Year Annualised Rent Growth - LL
3.3%
17
National percentile
Property Price & Volume Trends
The average property price in LL23 is £225,000, placing it well below the national average and among the cheaper postcodes nationally. Over the past decade, prices have grown at 4.0% annually—slightly above the typical rate of growth seen across the UK. Transaction activity has slowed in recent years; the latest full year saw 33 sales against a 10-year average of 48 per year.
Rent & Yield Trends
Average monthly rent across the broader LL postcode area stands at £721, well below the national average and among the lowest in the country. Rental growth has also been subdued, averaging 3.3% annually over the past decade—below the national pace. The flat yield currently stands at 5.3%, notably higher than its 10-year average of 4.5%, reflecting improved returns for investors in recent years.
Income & Affordability Trends
Average net household income in LL23 is £35,000, below the national average. The price-to-income ratio has deteriorated slightly, moving from 5.9x in 2016 to 6.3x today, suggesting purchase affordability has eased modestly. Rental affordability has improved considerably; the rent-to-income ratio has fallen from 24.2% in 2016 to 22% now, indicating a lighter burden on renters' income.
Resident Demographic Profile
The population skews notably older and towards older working age. Those aged 50–64 make up nearly a quarter (24.3%), and the 65+ cohort represents nearly a quarter (23.9%), both well above national figures. Young adults aged 16–24 are significantly underrepresented at just 7.9%. Housing tenure is heavily weighted towards outright ownership at 48.3%—far above the national norm of 33.7%—reflecting a mature, established residential base. The employment mix is distinguished by a strong trades sector at 21.6%, nearly double the national average, alongside elevated elementary and plant/machine operation roles; professional and managerial roles are below average.