At a Glance
Average Property Price - B28
£307,603
44
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B28
£38,712
53
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B28
4.8%
86
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The latest average property price in B28 is £308,000, placing it close to the national midpoint. Over the past decade, the area has experienced annualised price growth of 4.8%, which is among the fastest growth rates seen across UK postcode districts. However, transaction activity has softened: the latest full year saw 282 sales against a ten-year average of 380 per year, reflecting a notable decline in market momentum.
Rent & Yield Trends
Average monthly rent in the wider B postcode area stands at £1,056, close to the national average. Rental growth over the past decade has been strong at 4.4% per year, placing it in the upper quartile of growth rates nationally. The current flat yield of 6.3% is materially above its ten-year average of 4.9%, signalling improved rental returns in recent periods.
Income & Affordability Trends
Average household net income in B28 is £38,712, broadly in line with the national average. The price-to-income ratio of 8.1x indicates that affordability has deteriorated meaningfully since 2016, when it stood at 6.6x. Rental affordability, by contrast, has improved slightly: the rent-to-income ratio has fallen from 29.3% to 28.8%, providing modest relief for tenants.
Resident Demographic Profile
B28 has a notably younger age profile than the national average, with 22.8% of residents under 15 compared to 17.5% nationally, reflecting its family-oriented character. Owner-occupation is strong, with 71.2% either owning outright (36.9%) or with a mortgage (34.3%), well above national tenure levels. The employment profile is skewed towards professional roles (24.4% versus 20.5% nationally), while trades and plant-machinery positions are less prevalent than the national average.