At a Glance
Average Property Price - OL1
£204,038
13
National percentile
Average Monthly Rent - OL
£846
26
National percentile
Average Net Household Income - OL1
£29,048
6
National percentile
Flat / Maisonette Yield - OL
5.9%
68
National percentile
10-Year Annualised Price Growth - OL1
6.1%
97
National percentile
10-Year Annualised Rent Growth - OL
5.3%
95
National percentile
Property Price & Volume Trends
The latest average property price in OL1 is £204,000, well below the national average and among the most affordable districts nationally. Over the past decade, prices have grown at 6.1% per year—significantly faster than the national average, placing it among the strongest performers in the country. Transaction activity has moderated recently, with 142 sales in the latest full year compared to a 10-year average of 186 per year, reflecting a tighter market.
Rent & Yield Trends
Average monthly rent stands at £846, below the national average. Rental growth over the past decade has been strong at 5.3% per year, well above the national pace. The current flat yield of 5.9% is noticeably higher than the 10-year average of 5.0%, signalling improved returns for landlords as rents have accelerated ahead of price growth.
Income & Affordability Trends
Average net household income is £29,048, significantly below the national average and among the lowest in the country. The price-to-income ratio of 5.6x indicates that property remains relatively affordable, though this has worsened since 2016 (when it stood at 4.7x), reflecting prices rising faster than incomes. Rental affordability has similarly declined, with rent now consuming 25.3% of household income compared to 23.4% in 2016.
Resident Demographic Profile
The age profile is notably skewed towards younger children: under-15s account for 29.1% of the population, nearly double the national average, suggesting large families and a young demographic base. The housing tenure is dominated by social rented accommodation at 38.4%, more than twice the national share, reflecting the area's character as a social housing-dependent community. Employment is weighted heavily towards elementary occupations (20.8%) and plant/machine roles (14%), well above national norms, while professional employment at 10.8% is only about half the national average.