At a Glance
Average Property Price - B3
£236,115
23
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B3
£52,223
92
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B3
2.6%
18
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The latest average property price in B3 is £236,000, placing it well below the national average. Ten-year price growth has been modest at 2.6% annually, significantly slower than the typical UK rate. Transaction volume has declined notably, with 59 sales in the latest year compared to a ten-year average of 95, suggesting reduced market activity.
Rent & Yield Trends
Average monthly rent of £1,056 sits close to the national mid-point. Rental growth has been strong over the past decade at 4.4% annually, well above the typical UK pace, reflecting robust tenant demand. Flat yield currently stands at 6.3%, a marked improvement from the ten-year average of 4.9%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £52,223 places B3 well above the national average, reflecting a professional and affluent resident base. The price-to-income ratio of 5.2x has improved meaningfully since 2016 (when it stood at 5.8x), indicating that property has become more affordable relative to local earnings. Rental affordability has also edged forward, with the rent-to-income ratio falling from 29.3% to 28.8% over the same period.
Resident Demographic Profile
B3 is a distinctly young area, with 26.6% of residents aged 16–24 and 39.7% aged 25–34, far exceeding national norms; conversely, the over-65 population is just 2.6%, well below average. Housing tenure reflects this transience: 64.6% live in private rented accommodation, more than three times the national share, whilst owner-occupied homes account for only 17.3% combined. The employment profile is heavily skewed towards professionals (41.5%) and technical roles (16.5%), with very few in trades (3.1%) or plant and machine work (2.3%).