At a Glance
Average Property Price - B38
£265,797
32
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B38
£36,893
43
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B38
3.9%
61
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The current average property price in B38 is £266,000, placing it below the national average. Over the past decade, prices have grown at 3.9% annually—a modest pace that sits slightly above the national median. Transaction activity has cooled recently, with 212 sales last year compared to a 10-year average of 268, suggesting a slowdown in market momentum.
Rent & Yield Trends
Average monthly rent in the broader B postcode area stands at £1,056, close to the national middle ground. Rental growth over the past decade has been notably strong at 4.4% annually, outpacing most regions nationally. The flat yield has risen to 6.3%, well above its 10-year average of 4.9%, reflecting improved returns for buy-to-let investors in recent years.
Income & Affordability Trends
Household incomes average £36,893 per year, slightly below the national norm. The price-to-income ratio now stands at 7.0x, up from 5.9x in 2016, indicating that property has become less affordable relative to local earnings over this period. Rental affordability has marginally improved: the rent-to-income ratio has edged down from 29.3% to 28.8%, though it remains substantial.
Resident Demographic Profile
The area has a notably higher proportion of children under 15 (21.4% versus 17.5% nationally), suggesting a family-oriented community. Social rented housing is significantly overrepresented at 27.6% compared to the national 16.5%, reflecting the district's role in providing affordable accommodation. The caring professions are more prominent than average at 11.7%, while managerial roles are less common at 10.5% against the national 13.4%.