At a Glance
Average Property Price - B78
£294,920
41
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B78
£38,133
50
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B78
4.6%
82
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The average property price in B78 is £295,000, around the middle of the national range. The area has seen strong price growth over the past decade, with annualised gains of 4.6% — among the fastest nationally. Transaction volumes have declined from their 10-year average, with 301 sales in the latest year compared to a typical annual total of 406.
Rent & Yield Trends
Average monthly rent in the broader B postcode area is £1,056, close to the national median. Rental growth has been robust at 4.4% per year over the past decade, outpacing most regions nationally. The current rental yield of 6.3% sits meaningfully above the 10-year average of 4.9%, reflecting improved returns for landlords in recent years.
Income & Affordability Trends
Household income in B78 stands at £38,133, precisely in line with the national average. The price-to-income ratio of 7.2x has worsened since 2016, when it stood at 6.3x, indicating that properties have become less affordable relative to earnings over this period. By contrast, rental affordability has improved slightly: the rent-to-income ratio has fallen from 29.3% to 28.8%, suggesting rental costs have grown more slowly than incomes.
Resident Demographic Profile
The area skews older than the national profile, with over a fifth of residents aged 65 and over compared to the national average of just under one-fifth, and a notably higher proportion aged 50–64 at 21.8%. Housing tenure is heavily weighted towards outright ownership at 38.6%, well above the national norm of 33.7%, with correspondingly lower levels of private renting at 14.2%. The employment profile features a slightly lower proportion of professionals than average, offset by notably higher rates of trades workers and elementary occupations.