At a Glance
Average Property Price - LL56
£227,456
20
National percentile
Average Monthly Rent - LL
£721
12
National percentile
Average Net Household Income - LL56
£40,080
59
National percentile
Flat / Maisonette Yield - LL
5.3%
30
National percentile
10-Year Annualised Price Growth - LL56
1.2%
4
National percentile
10-Year Annualised Rent Growth - LL
3.3%
17
National percentile
Property Price & Volume Trends
The average property price in LL56 stands at £227,456, placing it well below the national average. Over the past decade, the area has seen annualised price growth of just 1.2%, among the slowest-growing regions nationally. Transaction activity has remained fairly stable, with 45 sales in the latest full year compared to a 10-year average of 48 per year.
Rent & Yield Trends
Average monthly rent across the broader LL postcode area is £721, considerably below the national average. Rental growth over the past decade has been modest at 3.3% annualised, well below the national pace. The current flat yield of 5.3% is notably higher than the 10-year average of 4.5%, reflecting recent upward movement in rental returns.
Income & Affordability Trends
Household income in the area averages £40,080, broadly in line with national norms. The current price-to-income ratio of 6.3x has softened slightly compared to 6.0x in 2016, indicating modestly worsening purchase affordability despite modest price growth. Rental affordability has improved materially: the rent-to-income ratio has tightened to 22% from 24.2% in 2016, suggesting rents have grown more slowly than household incomes.
Resident Demographic Profile
The population skews slightly older than average, with over-65s comprising 20.7% against a national average of 19.6%. Housing tenure is notably distinctive: 41.9% of properties are owned outright—well above the national figure of 33.7%—while private rented housing at 15.2% is considerably below the national average of 21.7%, reflecting a strong culture of owner-occupation. The employment profile is tilted towards professionals, who make up 25.1% of the workforce against 20.5% nationally, whilst elementary occupations at 7.5% fall notably below the national 10.2%.