At a Glance
Average Property Price - LU2
£345,565
55
National percentile
Average Monthly Rent - LU
£1,230
65
National percentile
Average Net Household Income - LU2
£31,791
13
National percentile
Flat / Maisonette Yield - LU
6.5%
93
National percentile
10-Year Annualised Price Growth - LU2
4.4%
77
National percentile
10-Year Annualised Rent Growth - LU
4.3%
72
National percentile
Property Price & Volume Trends
The average property price of £346,000 sits just above the national midpoint. Price growth over the past decade has been notably strong at 4.4% annually, placing it among the fastest-growing areas nationally. Transaction activity has softened recently, with 540 sales in the latest year compared to a 10-year average of 786, reflecting broader market cycles.
Rent & Yield Trends
Average monthly rent of £1,230 is above the national typical, reflecting rental demand in the area. Rental growth has averaged 4.3% annually over ten years, outpacing the national trend. The flat yield of 6.5% is now notably above its 10-year average of 5.5%, indicating strengthening rental returns for investors.
Income & Affordability Trends
Average household income of £32,000 is significantly below the national norm, placing the area among lower-income regions. The price-to-income ratio has risen to 10.4x from 7.1x in 2016, a substantial deterioration that reflects price growth outpacing income gains and reduced purchase affordability. Rental affordability has also worsened, with rent now consuming 32.9% of income compared to 29.6% in 2016.
Resident Demographic Profile
The population skews slightly younger than national average, with 20.5% aged under 15 compared to 17.5% nationally. Housing tenure is notably skewed towards mortgaged ownership at 34.2%, well above the national 27.0%, reflecting active family buyers. Social rented housing at 11.4% is substantially lower than the national 16.5%. Employment is broadly balanced across sectors, though professionals are slightly underrepresented at 17.7% versus the national 20.5%.