At a Glance
Average Property Price - LN13
£250,427
28
National percentile
Average Monthly Rent - LN
£789
19
National percentile
Average Net Household Income - LN13
£29,793
7
National percentile
Flat / Maisonette Yield - LN
5.6%
47
National percentile
10-Year Annualised Price Growth - LN13
4.3%
75
National percentile
10-Year Annualised Rent Growth - LN
4.2%
64
National percentile
Property Price & Volume Trends
The average property price in LN13 is £250,000, placing it well below the national average and among the more affordable areas in the country. Over the past decade, prices have grown at 4.3% annually—a faster pace than most UK regions, reflecting steady demand despite the lower baseline. Transaction volumes have fallen significantly, with 75 sales in the latest year compared to a 10-year average of 133, suggesting a tightening of supply or reduced market activity.
Rent & Yield Trends
Average monthly rents of £789 sit well below the national median, making this an affordable area for tenants. Rental growth has kept pace with national trends at 4.2% annually, indicating stable demand despite the modest price base. Yields have improved markedly, rising from a 10-year average of 4.6% to a current level of 5.6%, reflecting the stronger returns now available to buy-to-let investors in this market.
Income & Affordability Trends
Household income in LN13 is significantly below the national average at around £30,000 per year, placing it among the lower-earning areas nationally. Purchase affordability has deteriorated: the price-to-income ratio has widened from 6.8x in 2016 to 8.7x today, meaning properties now require a substantially larger multiple of local earnings. Rental affordability has improved slightly, with the rent-to-income ratio falling from 23.3% in 2016 to 22.7%, offering modest relief to renters despite low wage levels.
Resident Demographic Profile
LN13 has an exceptionally aged population: over one-third are aged 65 or over, nearly double the national average, while those under 25 are substantially underrepresented. Housing tenure is heavily skewed towards outright ownership at 51%, well above the national average, reflecting the prevalence of retirees and older homeowners. The employment mix is distinctive, with a notably high proportion in trades (17%) and caring roles (12%), while professional and technical occupations are significantly lower than average, consistent with a rural and mature demographic.