At a Glance
Average Property Price - LN3
£258,325
30
National percentile
Average Monthly Rent - LN
£789
19
National percentile
Average Net Household Income - LN3
£36,675
42
National percentile
Flat / Maisonette Yield - LN
5.6%
47
National percentile
10-Year Annualised Price Growth - LN3
3.7%
57
National percentile
10-Year Annualised Rent Growth - LN
4.2%
64
National percentile
Property Price & Volume Trends
The latest average property price in LN3 is £258,000, placing it below the national average. Over the past decade, prices have grown at 3.7% annually—close to the national trend. Transaction activity has declined, with 122 sales in the latest full year compared to a 10-year average of 172, suggesting a quieter market than historically.
Rent & Yield Trends
Average monthly rent stands at £789, well below the national average. Rents have grown at 4.2% annually over ten years, outpacing the national rate and reflecting steady demand for rental property. The flat yield currently stands at 5.6%, notably higher than its 10-year average of 4.6%, indicating improving returns for landlords despite softer capital growth.
Income & Affordability Trends
Average net household income of £37,000 sits slightly below the national median. The price-to-income ratio of 7.0x has deteriorated since 2016 (when it was 6.1x), meaning properties have become less affordable relative to earnings. Rental affordability has improved modestly: the rent-to-income ratio has fallen from 23.3% to 22.7%, offering fractionally better value for tenants.
Resident Demographic Profile
The population skews notably older, with over a quarter aged 65 and above compared to a national average of 20%, while those aged 16–24 and 25–34 are significantly under-represented. Owner-occupation is strong, with 44.8% owning outright—well above the national 33.7%—and private rental is correspondingly lower at 15.4%. The employment profile shows a higher proportion in skilled trades (13.1%) and caring roles (10.1%) than national averages, with fewer professionals and managers.