At a Glance
Average Property Price - B31
£249,023
27
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B31
£36,597
41
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B31
4.7%
85
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The latest average property price in B31 is £249,000, placing it below the national average. Over the past decade, prices have grown at 4.7% annually—among the fastest-growing areas nationally. However, transaction volume has softened, with 595 sales in the latest year compared to a 10-year average of 781, suggesting a moderating market.
Rent & Yield Trends
Average monthly rent in the B postcode area is £1,056, broadly in line with the national median. Rents have climbed 4.4% per year over the past decade, outpacing national growth rates. The current flat yield of 6.3% sits notably above its 10-year average of 4.9%, indicating improved investor returns in recent years.
Income & Affordability Trends
Average household income of £36,597 is slightly below the national average. The price-to-income ratio of 6.5x has risen from 5.6x in 2016, reflecting tightening purchase affordability over the period. Rental affordability has modestly improved, with the rent-to-income ratio falling from 29.3% to 28.8%, though rents still consume a substantial share of household earnings.
Resident Demographic Profile
The area has a notably younger population, with over a fifth aged under 15 compared to the national average of 17.5%. Social rented housing is markedly prevalent at 28.5%—nearly double the national average of 16.5%—while outright ownership is correspondingly lower at 28.6%. The employment mix shows stronger representation in caring roles (12.3% vs 9.2% nationally) and lower managerial representation (8.9% vs 13.4%), reflecting the area's demographic and socioeconomic profile.