At a Glance
Average Property Price - LL73
£419,000
70
National percentile
Average Monthly Rent - LL
£721
12
National percentile
Average Net Household Income - LL73
£37,090
44
National percentile
Flat / Maisonette Yield - LL
5.3%
30
National percentile
10-Year Annualised Price Growth - LL73
5.6%
95
National percentile
10-Year Annualised Rent Growth - LL
3.3%
17
National percentile
Property Price & Volume Trends
The latest average property price in LL73 is £419,000, placing it among the most expensive districts nationally. Over the past decade, prices have grown at an annualised rate of 5.6%, significantly faster than the typical UK area. Transaction activity in the latest full year was low at 3 sales, matching its 10-year average, suggesting a thin market with limited stock turnover.
Rent & Yield Trends
Average monthly rent in the broader LL postcode area stands at £721, well below the national average. Rental growth over the past decade has been weak at 3.3% per annum, also lagging national trends. The current flat yield of 5.3% is notably higher than its 10-year average of 4.5%, reflecting improved returns for buy-to-let investors in recent years.
Income & Affordability Trends
Average net household income in LL73 is £37,090, slightly below the national average. The price-to-income ratio has improved significantly, falling from 9.8x in 2016 to 4.9x today, indicating substantially better affordability for purchase despite absolute price levels. Rental affordability has also improved: the rent-to-income ratio has moved from 24.2% in 2016 to 22% now, though rental costs remain moderately demanding relative to earnings.
Resident Demographic Profile
The population is markedly older than the national average, with a third aged 65 and over compared to one-fifth nationally, and those aged 50–64 representing nearly a quarter of residents versus one-fifth nationally. Young adults aged 16–24 are significantly underrepresented at just 6.3% against 11% nationally. Outright home ownership is exceptionally high at 57%, nearly double the national figure, reflecting the area's maturity and lower mortgage demand. The workforce skews towards trades and skilled manual work at 16.7% — well above the national 10.5% — whilst professional roles are slightly less common than the national average.