Property trends for LL38

The latest average property price in LL38 is £143,000, placing it among the cheapest nationally. Over the past decade, prices have grown by 3.3% annually—a below-average pace compared with the rest of the UK. Transaction activity has picked up recently, with 28 sales in the latest full year against a 10-year average of 19, suggesting stronger buyer interest.

Monthly rents average £721, well below the national average, reflecting the rural and quieter nature of the area. Rental growth over the past ten years has been modest at 3.3% annually, also lagging the national trend. The flat yield stands at 5.3%, a meaningful improvement on the 10-year average of 4.5%, indicating that rental returns have become more attractive relative to property values.

Average household income in LL38 is £31,000, significantly below the national average, typical of rural Wales. The price-to-income ratio of 6.2x has slightly worsened since 2016 (when it was 6.0x), suggesting purchasing power has tightened modestly. Rental affordability, however, has improved markedly: the rent-to-income ratio has fallen from 24.2% to 22%, making rented housing more accessible relative to local earnings.

The population is heavily skewed towards older age groups, with 34.7% aged 65 and over—nearly twice the national average—and only 12.3% under 15, well below the national norm. Housing tenure is dominated by outright ownership at 54.2%, substantially higher than the national figure of 33.7%, while mortgage ownership and private renting are both well below average. The employment profile is distinctive for high proportions in trades (18.7%) and caring roles (14.6%), offset by notably lower representation in professionals and administrative roles.