At a Glance
Average Property Price - LN5
£239,947
25
National percentile
Average Monthly Rent - LN
£789
19
National percentile
Average Net Household Income - LN5
£35,074
32
National percentile
Flat / Maisonette Yield - LN
5.6%
47
National percentile
10-Year Annualised Price Growth - LN5
4.6%
82
National percentile
10-Year Annualised Rent Growth - LN
4.2%
64
National percentile
Property Price & Volume Trends
The average property price in LN5 is £240,000, below the national average. Despite relatively modest price levels, the district has experienced strong growth over the past decade, with prices rising 4.6% annually—among the fastest growth rates nationally. Transaction activity has moderated, with 420 sales in the latest year compared to an average of 567 annually over the previous decade.
Rent & Yield Trends
Average monthly rent in the broader LN area is £789, notably below the national average. Rental growth has been moderate, rising 4.2% annually over ten years, slightly faster than the wider national trend. The flat yield currently stands at 5.6%, up from a 10-year average of 4.6%, reflecting a favourable shift in investment returns.
Income & Affordability Trends
Average net household income is £35,074, below the national average. The price-to-income ratio has widened slightly from 6.3x in 2016 to 6.5x today, indicating that purchasing power has eroded modestly. Rental affordability has improved marginally, with the rent-to-income ratio falling from 23.3% in 2016 to 22.7% currently.
Resident Demographic Profile
The age profile is markedly skewed towards younger residents, with 30.9% aged 16–24—nearly three times the national average, reflecting significant student and early-career populations. The tenure mix is distinctive: private rental housing accounts for 33.4% of properties, well above the national figure of 21.7%, while outright ownership at 27.3% is below average. Employment is notably weighted towards elementary roles at 13.6% (above the national 10.2%), while professional employment at 16.3% is below the national benchmark of 20.5%.