At a Glance
Average Property Price - OL6
£224,466
19
National percentile
Average Monthly Rent - OL
£846
26
National percentile
Average Net Household Income - OL6
£29,285
6
National percentile
Flat / Maisonette Yield - OL
5.9%
68
National percentile
10-Year Annualised Price Growth - OL6
6.0%
97
National percentile
10-Year Annualised Rent Growth - OL
5.3%
95
National percentile
Property Price & Volume Trends
The latest average property price in OL6 is £224,000, which sits well below the national average. Over the past decade, prices have grown at an annualised rate of 6.0%, placing the area among the fastest-growing in the country nationally. Transaction activity last year stood at 270 sales, down from a 10-year average of 322 per annum.
Rent & Yield Trends
Average monthly rent in the broader OL postcode area is £846, notably below the national average. Rents have grown at 5.3% annually over the past decade—among the strongest rental growth nationally. The flat yield currently stands at 5.9%, up from a 10-year average of 5.0%, reflecting the strengthening returns available to landlords in this market.
Income & Affordability Trends
Average net household income in OL6 is £29,285, significantly below the national average. The current price-to-income ratio is 7.3x, a considerable increase from 5.8x in 2016, indicating that property has become noticeably less affordable relative to earnings over that period. Rental affordability has also deteriorated: the rent-to-income ratio has risen from 23.4% to 25.3%, putting growing pressure on tenant budgets.
Resident Demographic Profile
The area has a notably younger profile than England overall, with nearly a quarter (23.2%) under age 15, compared to 17.5% nationally. Social rented housing dominates tenure, accounting for 34.7% of homes against a national average of 16.5%, while private renting is also well above average at 25.4%. The employment profile is heavily skewed towards manual and machine-operative roles, which together account for nearly a quarter of workers—almost double the national proportion—while professional occupations are underrepresented at 12.8% versus 20.5% nationally.