At a Glance
Average Property Price - OL11
£226,176
20
National percentile
Average Monthly Rent - OL
£846
26
National percentile
Average Net Household Income - OL11
£32,012
14
National percentile
Flat / Maisonette Yield - OL
5.9%
68
National percentile
10-Year Annualised Price Growth - OL11
4.4%
78
National percentile
10-Year Annualised Rent Growth - OL
5.3%
95
National percentile
Property Price & Volume Trends
The average property price in OL11 is £226,000, placing it below the national average and among the most affordable parts of the UK. Over the past decade, prices have grown at 4.4% annually—a notably faster pace than most areas nationally. Transaction activity has softened slightly, with 446 sales in the latest full year compared to an average of 535 over the previous ten years.
Rent & Yield Trends
Average monthly rent in the broader OL postcode area stands at £846, below the national average. Rental growth has been exceptionally strong at 5.3% annually, among the fastest in the country. The flat yield has improved to 5.9%, up from a ten-year average of 5.0%, reflecting favourable conditions for buy-to-let investors.
Income & Affordability Trends
Average household income is £32,012, significantly below the national average. The price-to-income ratio stands at 7.1x, having worsened from 6.0x in 2016, indicating property has become less affordable relative to local earnings. Rental affordability has also deteriorated: the rent-to-income ratio has risen from 23.4% to 25.3% over the same period.
Resident Demographic Profile
The area has a notably higher proportion of children, with 22.9% aged under 15 compared to the national average of 17.5%, reflecting its appeal to families. Social rented housing is considerably more prevalent at 22.8%, against a national figure of 16.5%, suggesting a larger council and housing association presence. The employment profile is marked by a higher concentration of elementary roles at 15.2% and trades at 9.1%, with professional occupations underrepresented at 16% against the national average of 20.5%.