At a Glance
Average Property Price - LL78
£280,878
37
National percentile
Average Monthly Rent - LL
£721
12
National percentile
Average Net Household Income - LL78
£36,998
44
National percentile
Flat / Maisonette Yield - LL
5.3%
30
National percentile
10-Year Annualised Price Growth - LL78
1.1%
3
National percentile
10-Year Annualised Rent Growth - LL
3.3%
17
National percentile
Property Price & Volume Trends
The average property price in LL78 is £281,000, below the national average. Ten-year annualised growth has been exceptionally weak at 1.1%, placing it among the slowest-growing districts nationally. Transaction activity has remained steady at 9 sales annually, consistent with its long-term average.
Rent & Yield Trends
Average monthly rent across the wider LL postcode stands at £721, well below the national average. Rent growth over the past decade has been modest at 3.3% annually, below the national pace. The flat yield has improved to 5.3%, up from a 10-year average of 4.5%, reflecting a recent tightening of the rental-to-price relationship.
Income & Affordability Trends
Average household income of £37,000 is slightly below the national average. Purchase affordability has declined slightly, with the price-to-income ratio rising from 8.1x in 2016 to 8.3x today. Rental affordability has improved meaningfully, with the rent-to-income ratio falling from 24.2% to 22% over the same period.
Resident Demographic Profile
The population is notably older, with over one-third aged 65 and above compared to a national average of under one-fifth, while those aged 16–24 are significantly under-represented at 6.4%. Housing tenure is dominated by outright ownership at 56.6%, more than one and a half times the national average, while private renting is correspondingly lower. The workforce shows a pronounced tilt towards trades at 16.5% and caring professions at 10.2%, with fewer in elementary roles at 7.2%.