At a Glance
Average Property Price - LL34
£221,472
18
National percentile
Average Monthly Rent - LL
£721
12
National percentile
Average Net Household Income - LL34
£34,337
27
National percentile
Flat / Maisonette Yield - LL
5.3%
30
National percentile
10-Year Annualised Price Growth - LL34
4.2%
71
National percentile
10-Year Annualised Rent Growth - LL
3.3%
17
National percentile
Property Price & Volume Trends
The average property price in LL34 is £221,000, placing it well below the national average. Over the past decade, prices have grown by 4.2% annually—a pace notably faster than most comparable UK postcode districts. Transaction activity has eased recently, with 64 sales in the latest full year compared to an average of 80, reflecting typical seasonal patterns in the rural market.
Rent & Yield Trends
Average monthly rent across the broader LL postcode area stands at £721, significantly below the national average. Rental growth has been modest at 3.3% annually—among the slowest in the country. The flat yield has risen to 5.3%, a healthy improvement on the 10-year average of 4.5%, suggesting rental investment has become increasingly attractive relative to capital appreciation.
Income & Affordability Trends
Average household income is £34,337, below the national median. The price-to-income ratio of 6.2x has tightened slightly since 2016 (5.9x), indicating a modest improvement in purchase affordability. Rental affordability has strengthened meaningfully: the rent-to-income ratio has fallen from 24.2% to 22%, making renting considerably more manageable for local households.
Resident Demographic Profile
The population skews significantly older than the national average, with over 48% aged 50 or above compared to 39% nationally; conversely, those aged 16–24 are substantially underrepresented at 7.5% against 11% nationally. Housing tenure reflects a strong preference for outright ownership at 42%, well above the 33.7% national figure, consistent with an ageing demographic. The employment profile is distinguished by a notably high proportion in caring roles at 14.2%—50% above the national average—reflecting the area's older population and corresponding service needs.