At a Glance
Average Property Price - LN10
£340,716
54
National percentile
Average Monthly Rent - LN
£789
19
National percentile
Average Net Household Income - LN10
£36,625
41
National percentile
Flat / Maisonette Yield - LN
5.6%
47
National percentile
10-Year Annualised Price Growth - LN10
4.8%
85
National percentile
10-Year Annualised Rent Growth - LN
4.2%
64
National percentile
Property Price & Volume Trends
The latest average property price in LN10 is £341,000, broadly in line with the national median. Over the past decade, prices have grown at 4.8% annually—among the fastest growth rates nationally. However, transaction volumes have moderated: 107 sales in the latest full year compared to a 10-year average of 131, suggesting a slight softening in market activity.
Rent & Yield Trends
Average monthly rent across the broader LN postcode is £789, well below the national average and placing it among the most affordable rental areas in the country. Rents have grown at 4.2% annually over a decade, slightly faster than the national trend. The flat yield has strengthened to 5.6%, up from a 10-year average of 4.6%, indicating improving returns for landlords.
Income & Affordability Trends
Average net household income stands at £36,625, below the national average. The price-to-income ratio of 9.7x has shifted unfavourably since 2016 (when it was 8.0x), reflecting property price growth outpacing wage growth and making purchase less affordable in relative terms. Rental affordability has improved slightly: the rent-to-income ratio now sits at 22.7%, down from 23.3% in 2016.
Resident Demographic Profile
The population is notably older, with nearly 28% aged 65 and over—well above the national average of 19.6%—and correspondingly fewer young adults aged 16–24 (8.9% vs 11.0% nationally). Outright ownership is particularly strong at 45.1%, significantly above the 33.7% national figure, reflecting the older age structure. The employment mix is distinctive for a high concentration of technical roles (17.7% vs 13.2% nationally) and trades workers (14.1% vs 10.5%), whilst professional employment is notably lower at 13.2% against 20.5% nationally.