At a Glance
Average Property Price - OL5
£219,257
17
National percentile
Average Monthly Rent - OL
£846
26
National percentile
Average Net Household Income - OL5
£35,176
32
National percentile
Flat / Maisonette Yield - OL
5.9%
68
National percentile
10-Year Annualised Price Growth - OL5
3.7%
56
National percentile
10-Year Annualised Rent Growth - OL
5.3%
95
National percentile
Property Price & Volume Trends
The latest average property price in OL5 is £219,000, placing it well below the national average—among the most affordable postcode districts in England. Over the past decade, prices have grown at 3.7% annually, broadly in line with the national rate. Transaction activity has softened slightly; 169 sales were recorded in the latest full year compared to a 10-year average of 197, suggesting a modest slowdown in market momentum.
Rent & Yield Trends
Average monthly rent stands at £846, below the national midpoint and reflecting the area's affordability. Rental growth over ten years has been strong at 5.3% per year, significantly outpacing the national average and indicating sustained demand from the lettings market. The current flat yield of 5.9% is notably higher than the 10-year average of 5.0%, signalling improving returns for landlords in recent activity.
Income & Affordability Trends
Average net household income of £35,176 sits below the national average, reflecting the area's working-class character. The price-to-income ratio has risen to 6.1x from 5.4x in 2016, indicating that property affordability for buyers has worsened over the period. Rental affordability has also deteriorated; the rent-to-income ratio has climbed to 25.3% from 23.4% in 2016, meaning a larger share of household income now goes to rent.
Resident Demographic Profile
The population skews older than average, with above-average representation in the 35–49 and 50–64 age groups, alongside a notably lower proportion of young adults aged 16–24. Owner-occupation is higher than national norms, particularly mortgaged ownership at 35.8% compared to 27.0% nationally, reflecting strong family-oriented demand. The employment base is weighted towards technical and professional roles, with technical occupations particularly prominent at 16% versus 13.2% nationally.