At a Glance
Average Property Price - OL8
£200,502
12
National percentile
Average Monthly Rent - OL
£846
26
National percentile
Average Net Household Income - OL8
£25,068
3
National percentile
Flat / Maisonette Yield - OL
5.9%
68
National percentile
10-Year Annualised Price Growth - OL8
8.5%
100
National percentile
10-Year Annualised Rent Growth - OL
5.3%
95
National percentile
Property Price & Volume Trends
The average property price in OL8 is £200,502, placing it among the most affordable districts nationally. Over the past decade, prices have grown at 8.5% annually—among the fastest rates in the country. However, transaction activity has moderated, with 275 sales in the latest year compared to a 10-year average of 333 per year.
Rent & Yield Trends
Average monthly rent across the OL postcode area stands at £846, below the national midpoint. Rents have climbed 5.3% annually over ten years, well above the typical pace of growth nationally. The current flat yield of 5.9% exceeds its 10-year average of 5.0%, reflecting strengthened rental returns in the market.
Income & Affordability Trends
Average household income in OL8 is £25,068, substantially below the national average. The price-to-income ratio has deteriorated markedly, rising from 4.0x in 2016 to 6.0x today, signalling reduced purchase affordability. Rental affordability has also tightened: the rent-to-income ratio has risen from 23.4% to 25.3% over the same period.
Resident Demographic Profile
OL8 has a notably young population, with 26.9% aged under 15—significantly above the national average of 17.5%. Social rented housing dominates tenure, accounting for 32.2% of all homes compared to the national norm of 16.5%, while outright ownership is notably lower at 23.1%. Employment is skewed towards manual and elementary occupations, with plant and machine operatives (13.8%), elementary workers (17.3%), and caring roles (12.4%) all well above national norms, whilst professional and managerial roles are substantially underrepresented.