At a Glance
Average Property Price - OL13
£196,881
11
National percentile
Average Monthly Rent - OL
£846
26
National percentile
Average Net Household Income - OL13
£32,005
14
National percentile
Flat / Maisonette Yield - OL
5.9%
68
National percentile
10-Year Annualised Price Growth - OL13
5.6%
95
National percentile
10-Year Annualised Rent Growth - OL
5.3%
95
National percentile
Property Price & Volume Trends
The latest average property price in OL13 is £197,000, placing it among the most affordable areas nationally. Over the past decade, prices have grown at 5.6% annually—significantly faster than the national average, ranking among the strongest performers across the country. Transaction volumes have eased recently, with 221 sales in the latest full year compared to a ten-year average of 264.
Rent & Yield Trends
Average monthly rent across the OL postcode is £846, below the national midpoint. Rents have increased by 5.3% annually over ten years, substantially outpacing the national average. The flat yield stands at 5.9%, up from a ten-year average of 5.0%, reflecting a positive shift in returns for buy-to-let investors.
Income & Affordability Trends
Average net household income is £32,005, well below the national median. The price-to-income ratio has risen from 4.9x in 2016 to 5.1x today, indicating worsening purchase affordability over this period. Rental affordability has also deteriorated, with the rent-to-income ratio climbing from 23.4% to 25.3%, placing greater pressure on renters' household budgets.
Resident Demographic Profile
The age profile shows a notably higher proportion of residents aged 50–64 (21.4% against a national average of 19.8%), with correspondingly fewer young adults aged 16–24 (9.1% versus 11.0% nationally). The housing tenure mix is marked by a stronger concentration of mortgage-owning households (32.0% against 27.0% nationally) and a below-average share of outright owners. Employment is characterised by above-average representation in trades (13.5%), caring occupations (12.5%), and plant/machine roles (8.2%), alongside noticeably lower professional employment (15.4%).