At a Glance
Average Property Price - B23
£195,554
11
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B23
£31,766
13
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B23
4.5%
80
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The latest average property price in B23 is £196,000, placing it among the cheapest areas nationally. Over the past decade, prices have grown at 4.5% annually—a stronger rate than the majority of UK postcodes. However, transaction volumes have declined; the latest year saw 361 sales against a 10-year average of 493, suggesting softening momentum.
Rent & Yield Trends
Average monthly rent in the B postcode area is £1,056, close to the national midpoint. Rental growth over the past decade has been strong at 4.4% annually, outpacing most of the country. The flat yield has improved markedly, rising from a 10-year average of 4.9% to 6.3% in the latest period, reflecting the rental market's resilience relative to property values.
Income & Affordability Trends
Average household income is £32,000, well below the national figure and among the lowest nationally. At 5.8 times income, the purchase price-to-income ratio has worsened since 2016 (when it stood at 5.1x), suggesting affordability pressure for buyers. Rental affordability has edged forward: the rent-to-income ratio has improved to 28.8% from 29.3% in 2016, offering modest relief for tenants.
Resident Demographic Profile
The population skews notably younger, with 23.5% under 15—well above the national average of 17.5%—and only 12.1% aged 65+, significantly below the 19.6% national figure. Housing tenure is distinctly rental-focused: 26.6% live in private rental accommodation and 25.9% in social housing, both well above national norms, while outright ownership at 22.3% is substantially lower than the 33.7% average. The employment mix is weighted towards elementary roles (16.7% versus 10.2% nationally) and caring professions (11.3% versus 9.2%), with professional and managerial positions significantly underrepresented.