At a Glance
Average Property Price - B62
£319,480
48
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B62
£37,958
49
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B62
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 B62 is £319,000, placing it around the middle of the national range. Over the past decade, the area has experienced above-average price growth at 4.8% per year, significantly outpacing most of the country. Transaction activity has slowed: 264 sales were recorded in the latest full year, down from a 10-year average of 353 annually.
Rent & Yield Trends
Average monthly rent in the broader B postcode area stands at £1,056, slightly above the national midpoint. Rental growth over ten years has averaged 4.4% per year, which is notably stronger than the typical pace nationally. The flat yield has strengthened considerably, reaching 6.3% in the latest year compared to a 10-year average of 4.9%, reflecting growing rental demand relative to property values.
Income & Affordability Trends
Average net household income in B62 is £37,958, close to the national average. The price-to-income ratio has risen to 7.8x from 7.0x in 2016, indicating that property affordability has deteriorated over this period. Rental affordability has improved slightly: the rent-to-income ratio has eased from 29.3% in 2016 to 28.8% today, suggesting rents have grown more slowly than incomes.
Resident Demographic Profile
The age profile is broadly balanced with a notably higher proportion of under-15s at 19.3% compared to the national average of 17.5%, suggesting a family-oriented demographic. Outright ownership is significantly above average at 38.7% (vs 33.7% nationally), and owner-occupation with mortgage is also elevated at 33.3% (vs 27.0%), while private renting is well below average at 14.9% (vs 21.7%). The employment mix leans slightly towards technical and trades roles, with 13.8% in technical positions and 10.9% in trades, both slightly above national norms.