At a Glance
Average Property Price - LL51
£214,167
16
National percentile
Average Monthly Rent - LL
£721
12
National percentile
Average Net Household Income - LL51
£34,240
27
National percentile
Flat / Maisonette Yield - LL
5.3%
30
National percentile
10-Year Annualised Price Growth - LL51
-0.3%
2
National percentile
10-Year Annualised Rent Growth - LL
3.3%
17
National percentile
Property Price & Volume Trends
The current average property price in LL51 is £214,000, placing it well below the national average and among the least expensive districts nationally. Over the past decade, prices have been broadly flat, declining slightly at an annual rate of 0.3%, which represents among the slowest growth rates across the UK. Transaction activity in the latest year was notably subdued at just 6 sales, below the 10-year average of 7 per annum.
Rent & Yield Trends
Average monthly rent in the broader LL postcode area stands at £721, significantly below the national average and among the cheapest in the country. Rental growth over the past decade has been modest at 3.3% annually, slower than the national trend. Flat yield has improved to 5.3%, up from a 10-year average of 4.5%, indicating strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average household income is £34,240, notably below the national average and in the lower third nationally. The price-to-income ratio has risen markedly to 8.4x from 5.3x in 2016, signalling that purchasing power has deteriorated substantially over the past eight years. Rental affordability has improved slightly, with the rent-to-income ratio falling from 24.2% to 22%, though rental costs still consume a significant share of household income.
Resident Demographic Profile
The population is notably aged, with nearly 30% aged 65 and over—half again the national average—and only 8% aged 16–24, well below typical levels. Housing tenure is heavily skewed towards outright ownership at 50%, nearly half again the national rate, reflecting the older demographic profile and lower property prices. The employment mix is distinctive, with a strong representation in trades (17.5%) and caring professions (12.2%), both notably above national norms, whilst professional employment (14.3%) is proportionally lower.