At a Glance
Average Property Price - LN9
£270,324
34
National percentile
Average Monthly Rent - LN
£789
19
National percentile
Average Net Household Income - LN9
£34,288
27
National percentile
Flat / Maisonette Yield - LN
5.6%
47
National percentile
10-Year Annualised Price Growth - LN9
4.5%
79
National percentile
10-Year Annualised Rent Growth - LN
4.2%
64
National percentile
Property Price & Volume Trends
The average property price in LN9 is £270,000, placing it below the national average. Over the past decade, prices have grown at 4.5% annually—among the fastest growth rates seen nationally. Transaction activity has softened recently, with 164 sales in the latest full year compared to a 10-year average of 215, suggesting a modest slowdown in market momentum.
Rent & Yield Trends
Average monthly rent in the broader LN postcode area stands at £789, well below the national average. Rental growth over the past decade has been steady at 4.2% annually, slightly above the national pace. The flat yield has strengthened to 5.6% in the latest year, up from a 10-year average of 4.6%, reflecting improving returns for landlords.
Income & Affordability Trends
Average household income in LN9 is £34,288, below the national average. The price-to-income ratio currently stands at 7.3x, a slight improvement from 7.4x in 2016, indicating marginally better purchase affordability over the period. Rental affordability has also improved: the rent-to-income ratio has fallen to 22.7% from 23.3% in 2016, suggesting rents have not kept pace with income growth.
Resident Demographic Profile
The population is notably older than average, with over-65s representing 28.4% of residents compared to 19.6% nationally, and the 50–64 age group also significantly above average at 23.8%. Conversely, young adults aged 16–24 are underrepresented at 7.7% versus 11.0% nationally. Housing tenure is weighted toward outright ownership at 44.4%, well above the national 33.7%, reflecting the area's mature demographic. The employment mix skews toward trades (15.1%) and elementary occupations (11.4%), with professionals proportionally underrepresented at 14.6% against 20.5% nationally.