Property trends for LL41

The average property price of £136,119 is among the least expensive in the UK, placing it well below national levels. Over the past decade, prices have grown at 4.8% annually, which is substantially faster than the typical area nationally. Transaction activity has eased recently, with 84 sales in the latest year compared to an average of 105 over the preceding ten years.

Average monthly rent of £721 sits well below the national average. Rental growth over ten years has been modest at 3.3% annually, below the typical pace nationally. The flat yield currently stands at 5.3%, up from a 10-year average of 4.5%, reflecting an improving picture for rental investors.

Average net household income of £34,327 is notably below the national median. The price-to-income ratio of 4.1x has worsened slightly since 2016 (when it was 3.6x), indicating purchase affordability has tightened modestly. Rental affordability has improved, with the rent-to-income ratio falling from 24.2% in 2016 to 22% today.

The age profile is weighted towards older households: those aged 50–64 account for 23% of the population and 65+ for 22.4%, both notably above national averages. Outright home ownership is exceptionally high at 47.6%, nearly 40% above the national norm, whilst mortgage ownership is correspondingly low. The employment mix is distinctive, with a strong presence in trades (18.7%) and caring professions (15.3%), well above typical levels, whilst professional occupations (12.8%) and managerial roles are underrepresented.