Property trends for LL48

The average property price in LL48 is £170,000, placing it among the least expensive areas nationally. Over the past decade, prices have grown by just 0.2% annually—far below the national average, indicating a stagnant market. Transaction volumes have also softened: only 25 sales were recorded in the latest full year compared to a 10-year average of 32 per year.

The average monthly rent in the broader LL postcode area is £721, well below the national average. Rental growth over the past decade has been modest at 3.3% annually, also lagging national performance. However, yields have improved meaningfully: the current flat yield of 5.3% sits noticeably above the 10-year average of 4.5%, reflecting a recent shift in rental returns.

Average household income stands at £34,000, below the national average. The price-to-income ratio of 6.0x has deteriorated since 2016 (when it was 5.3x), suggesting property affordability has become more challenging despite flat price growth. On the rental side, rent-to-income ratios have improved: currently 22% of income versus 24% in 2016, indicating renters face somewhat less pressure.

The population is notably older than average: nearly 32% are aged 65 or over, compared to 20% nationally, while those aged 16–24 are significantly underrepresented at 8%. Housing tenure is dominated by outright ownership at 53%, well above the national average of 34%, reflecting a mature, established population. The employment mix shows an above-average concentration in trades (18% versus 11% nationally) and caring occupations (13% versus 9%), with professionals underrepresented at 13% compared to the national figure of 21%.