At a Glance
Average Property Price - LL40
£213,641
16
National percentile
Average Monthly Rent - LL
£721
12
National percentile
Average Net Household Income - LL40
£32,313
15
National percentile
Flat / Maisonette Yield - LL
5.3%
30
National percentile
10-Year Annualised Price Growth - LL40
3.2%
35
National percentile
10-Year Annualised Rent Growth - LL
3.3%
17
National percentile
Property Price & Volume Trends
The average property price in LL40 is £214,000, placing it among the cheapest areas nationally. Over the past decade, prices have grown at 3.2% annually, which is below the national average pace. Transaction activity has slowed recently, with 53 sales in the latest year compared to a 10-year average of 65 per year.
Rent & Yield Trends
Average monthly rent across the broader LL postcode area is £721, well below the national average. Rent growth over the past decade has been modest at 3.3% annually, below national rates. The flat yield currently stands at 5.3%, representing a notable improvement from the 10-year average of 4.5%, signalling strengthening rental returns.
Income & Affordability Trends
Average household income is £32,313, significantly below the national figure. The price-to-income ratio of 7.2x suggests purchasing power has weakened since 2016, when the same ratio stood at 5.7x. Rental affordability has improved: the rent-to-income ratio has fallen from 24.2% in 2016 to 22% today, easing the burden on tenants.
Resident Demographic Profile
LL40 has an ageing population profile. Those aged 65 and over make up 27.7% of residents—well above the national average of 19.6%—while young adults aged 16–24 are notably underrepresented at 8.5% versus 11% nationally. Housing tenure is distinctive: outright ownership is prevalent at 47.1%, nearly 40% above the national average, while mortgage ownership is considerably lower. The employment mix is marked by a strong trades sector at 16.8% and an unusually high caring sector at 16.5%, both notably above national norms, alongside below-average representation in professional roles.