At a Glance
Average Property Price - LU1
£321,141
49
National percentile
Average Monthly Rent - LU
£1,230
65
National percentile
Average Net Household Income - LU1
£19,025
2
National percentile
Flat / Maisonette Yield - LU
6.5%
93
National percentile
10-Year Annualised Price Growth - LU1
4.8%
86
National percentile
10-Year Annualised Rent Growth - LU
4.3%
72
National percentile
Property Price & Volume Trends
The average property price of £321,000 sits close to the national midpoint. Over the past decade, the district has experienced above-average price growth of 4.8% annually, placing it among the faster-growing areas nationally. Transaction activity has slowed: 279 sales in the latest year compared to a 10-year average of 443, reflecting a decline from earlier levels.
Rent & Yield Trends
Average monthly rent of £1,230 sits above the national median, reflecting the area's appeal to tenants. Rental growth over ten years has been robust at 4.3% annually, outpacing the national average. The rental yield has strengthened to 6.5%, up from a 10-year average of 5.5%, signalling improving returns for landlords.
Income & Affordability Trends
Average household income of £19,025 is significantly below the national average, placing the area among the lowest-income districts nationally. Purchase affordability has deteriorated sharply: the price-to-income ratio has doubled from 7.7x in 2016 to 15.8x today, making homeownership considerably less accessible. Rental affordability has also worsened, with rent consuming 32.9% of income compared to 29.6% in 2016.
Resident Demographic Profile
The area skews notably younger and more economically disadvantaged than national norms. Children under 15 are overrepresented at 22.2%, whilst those aged 65+ are significantly underrepresented at 9.6%. The housing market is dominated by private renting (39.1%), well above the national average, whilst outright ownership is low at 19.6%. The employment profile is heavily weighted towards elementary occupations (21.9%) and plant/machine roles (11.7%), both well above national averages, with professional employment notably below at 13.3%.