At a Glance
Average Property Price - B24
£239,310
24
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B24
£23,144
2
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B24
5.0%
90
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The latest average property price in B24 is £239,000, placing it well below the national average. Over the past decade, prices have grown at 5.0% annually—among the fastest growth rates nationally. However, transaction activity has fallen sharply: only 257 sales were recorded in the latest full year, compared to an average of 350 over the previous ten years, signalling a recent slowdown in market momentum.
Rent & Yield Trends
Average monthly rents in the broader B postcode area stand at £1,056, close to the national midpoint. Rental growth over ten years has been strong at 4.4% annually, outpacing national averages. The flat yield has expanded considerably to 6.3%, up from a ten-year average of 4.9%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income in B24 is £23,144—significantly below the national average and among the lowest nationally. Purchase affordability has deteriorated markedly: the price-to-income ratio has climbed from 6.0x in 2016 to 9.7x today, making homeownership considerably less accessible. Rental affordability has improved slightly, with the rent-to-income ratio falling from 29.3% to 28.8% over the same period.
Resident Demographic Profile
B24 has a noticeably younger age profile, with children under 15 accounting for 20.8% of the population against a national average of 17.5%, and a significantly lower elderly population (12.6% aged 65+, versus 19.6% nationally). The area has an unusually high concentration of both private and social rented housing, each representing 26.7% of tenure, compared to national averages of 21.7% and 16.5% respectively. Owner-occupation is below average, and the employment mix is skewed toward elementary occupations (15.8% versus 10.2% nationally) and caring roles, with fewer professionals and managers than typical.