At a Glance
Average Property Price - OL3
£350,350
56
National percentile
Average Monthly Rent - OL
£846
26
National percentile
Average Net Household Income - OL3
£41,126
63
National percentile
Flat / Maisonette Yield - OL
5.9%
68
National percentile
10-Year Annualised Price Growth - OL3
4.3%
76
National percentile
10-Year Annualised Rent Growth - OL
5.3%
95
National percentile
Property Price & Volume Trends
The average property price in OL3 is £350,000, close to the national midpoint. Over the past decade, prices have grown at 4.3% per year—a pace well above the national average, placing it among the faster-appreciating areas. Transaction activity has softened recently, with 214 sales in the latest full year against a 10-year average of 266, suggesting a moderating market.
Rent & Yield Trends
Average monthly rent across the broader OL postcode stands at £846, notably below the national average. However, rental growth has been exceptionally strong at 5.3% per year—among the fastest in the country. The flat yield has risen to 5.9%, up from a 10-year average of 5.0%, signalling improving returns for landlords as rents have outpaced price growth.
Income & Affordability Trends
Average household income in OL3 is £41,126, slightly above the national median. The price-to-income ratio of 8.0x has deteriorated since 2016 (when it was 7.3x), indicating that property has become less affordable relative to earnings. Similarly, the rent-to-income ratio has risen from 23.4% to 25.3%, meaning rental costs now consume a larger share of household income.
Resident Demographic Profile
The population is notably older than average: a quarter are aged 65 and over (against a national 19.6%), and those aged 50–64 make up over a fifth (versus 19.8% nationally). Conversely, young adults aged 16–24 and 25–34 are significantly underrepresented. Owner-occupation is very strong at 79%, well above the national norm, and private renting is correspondingly weak at 13.1%. The workforce is heavily skewed towards professionals (26.2%) and managers (18.7%), both well above national averages, with elementary trades notably underrepresented.