At a Glance
Average Property Price - LN1
£252,706
28
National percentile
Average Monthly Rent - LN
£789
19
National percentile
Average Net Household Income - LN1
£35,419
34
National percentile
Flat / Maisonette Yield - LN
5.6%
47
National percentile
10-Year Annualised Price Growth - LN1
3.2%
36
National percentile
10-Year Annualised Rent Growth - LN
4.2%
64
National percentile
Property Price & Volume Trends
The average property price in LN1 is £253,000, placing it below the national average and among the cheaper areas nationally. Over the past decade, prices have grown at 3.2% annually — below the national rate, indicating relatively modest capital appreciation. Transaction volumes have moderated recently, with 379 sales in the latest year compared to an average of 517 over the preceding decade.
Rent & Yield Trends
Average monthly rents stand at £789, well below the national average and among the cheapest rental markets nationally. Rental growth has been steady at 4.2% per year — above the national trend, suggesting rents have been catching up. Flat yields currently stand at 5.6%, a notable improvement on the 10-year average of 4.6%, reflecting stronger rental returns in the current market.
Income & Affordability Trends
Average household income is £35,419, below the national average and in the lower third nationally. The price-to-income ratio of 7.5x has deteriorated since 2016 (when it was 6.8x), making property purchase less affordable despite modest price growth. Rental affordability has improved slightly; the rent-to-income ratio has fallen from 23.3% in 2016 to 22.7% today, easing the burden of renting relative to household income.
Resident Demographic Profile
LN1 has a distinctly youthful profile, with 29.4% of residents aged 16–24 — nearly three times the national average — reflecting a significant student population. Conversely, the under-15 age group is notably underrepresented at 11.5%, well below the national average of 17.5%. The area shows higher-than-average private renting (30.8% vs 21.7% nationally) and a strong sales and customer-facing employment sector (10.6% vs 7.3% nationally), while skilled trades employment is notably below average at 8.6%.