At a Glance
Average Property Price - B79
£305,407
43
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B79
£36,822
42
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B79
4.3%
75
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The latest average property price in B79 is £305,000, broadly in line with the national mid-point. Over the past decade, the area has experienced strong price growth of 4.3% annually, outpacing the majority of UK regions nationally. Transaction activity has moderated significantly, with 270 sales in the latest full year compared to a 10-year average of 401 annually, suggesting a tightening market.
Rent & Yield Trends
Average monthly rent in the B postcode area stands at £1,056, close to the national median. Rental growth has been robust at 4.4% per year over the past decade, placing the area in the upper tier of UK rental growth performance. The flat yield has risen notably to 6.3% in the latest year from a 10-year average of 4.9%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £36,822 sits slightly below the national average. The price-to-income ratio of 8.1x has widened since 2016 (then 7.3x), indicating homes have become less affordable relative to local earnings. By contrast, rental affordability has edged slightly better, with the rent-to-income ratio improving from 29.3% in 2016 to 28.8% currently.
Resident Demographic Profile
The population skews slightly older than national norms, with 21.5% aged 65 and above compared to 19.6% nationally, and a notably smaller young adult cohort—only 9.1% aged 16–24 against 11.0% nationally. Housing tenure shows stronger owner-occupation, with 31.1% owning with a mortgage (well above the 27.0% national average) and correspondingly lower private rental at 15.4%. The employment base is weighted more heavily towards elementary roles (13.2% versus 10.2% nationally) and trades, with fewer professionals (16.4% against 20.5%) and managers.