At a Glance
Average Property Price - OL2
£239,275
24
National percentile
Average Monthly Rent - OL
£846
26
National percentile
Average Net Household Income - OL2
£32,715
17
National percentile
Flat / Maisonette Yield - OL
5.9%
68
National percentile
10-Year Annualised Price Growth - OL2
6.0%
96
National percentile
10-Year Annualised Rent Growth - OL
5.3%
95
National percentile
Property Price & Volume Trends
The latest average property price in OL2 is £239,000, placing it below the national average. Over the past decade, the area has experienced annualised price growth of 6.0%, which ranks among the fastest-growing districts nationally. Transaction volumes have moderated slightly, with 520 sales in the latest full year compared to a 10-year average of 602, suggesting a modest cooling in activity.
Rent & Yield Trends
Average monthly rent across the broader OL postcode area stands at £846, below the national average. Rental growth over the past decade has been strong at 5.3% annualised, outpacing most other areas nationally. The current flat yield of 5.9% is notably higher than its 10-year average of 5.0%, indicating improved returns for landlords in recent times.
Income & Affordability Trends
Average net household income in OL2 is £32,715, substantially below the national average. The price-to-income ratio has risen to 6.7x from 5.2x a decade ago, reflecting a deterioration in purchase affordability. Rental affordability has also worsened: the rent-to-income ratio has increased from 23.4% to 25.3% over the same period, suggesting rental costs are taking a larger share of household budgets.
Resident Demographic Profile
The population is notably older than average, with 21.2% aged 65 or over compared to the national average of 19.6%, and those aged 16–24 are underrepresented at 9.7% versus 11.0% nationally. Housing tenure shows a strong skew towards owner-occupation: 38.2% own outright and 30.5% own with a mortgage, well above national averages, while private rental is correspondingly lower at 15.6%. The employment mix is weighted towards trades (12.0%) and plant or machine operation (8.4%), both above national norms, while professional occupations at 16.4% are below the national average of 20.5%.