Property trends for LL66

The latest average property price stands at £72,000, among the cheapest anywhere in the UK. Over the past decade, prices have fallen by 7.7% annually on average—a far sharper decline than the national trend. Transaction activity has been sparse; just one sale was recorded in the latest full year, compared with an average of three annually over the previous ten years.

Average monthly rent in the wider LL postcode area is £721, well below the national average. Rental growth has been modest at 3.3% per year over ten years, lagging the national pace. The flat yield currently stands at 5.3%, notably higher than the ten-year average of 4.5%, reflecting the improving relative return to investors despite modest underlying rental growth.

Average household income of £34,543 sits significantly below the national average. The price-to-income ratio of 13.6x represents a deterioration from 12.2x in 2016, indicating that relative purchase affordability has worsened. Rental affordability, by contrast, has improved: the rent-to-income ratio has fallen from 24.2% in 2016 to 22% today.

The population is notably older, with over a quarter aged 65 and above—far exceeding the national average of 19.6%—while those aged 16–24 are significantly underrepresented at just 7.9%. Housing tenure is heavily skewed towards outright ownership at 48.9%, nearly 50% above the national norm. The employment mix is distinctive for a very high proportion in trades at 18.4% and caring occupations at 14%, while professional roles at 14.5% are notably below the national average of 20.5%.