At a Glance
Average Property Price - B97
£296,070
41
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B97
£38,312
51
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B97
3.7%
57
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The latest average property price in B97 is £296,000, positioning it slightly below the national midpoint. Over the past decade, prices have grown at 3.7% annually — close to the national average, reflecting steady but unspectacular capital appreciation. Transaction volumes have moderated from their 10-year average, with 462 sales in the latest year compared to 574 historically, suggesting a somewhat quieter market.
Rent & Yield Trends
Rental costs in the B postcode area average £1,056 per month, in line with the national median. Rents have grown at 4.4% annually over the past decade—notably faster than the national average—keeping pace with rising demand. The flat yield currently stands at 6.3%, a marked improvement on the 10-year average of 4.9%, reflecting stronger rental returns relative to capital values.
Income & Affordability Trends
Average household income in B97 is £38,312, matching the national average closely. The price-to-income ratio of 7.5x has edged up since 2016 (7.1x), suggesting that property affordability has tightened modestly despite modest capital growth. Rental affordability has improved, with rent-to-income ratios falling from 29.3% in 2016 to 28.8% today, offering modest relief to tenants.
Resident Demographic Profile
The population skews slightly older than the national average, with under-16s at 18.8% and young adults aged 16–24 underrepresented at 9.1%. Owner-occupation is notably strong: 34.3% hold mortgages (7 percentage points above the national average), while private rental tenure at 13.4% is substantially below the national figure of 21.7%, reflecting a more homeowner-focused demographic. The employment mix is relatively balanced, though skilled trades and plant/machine operatives (9.5%) are more prevalent than nationally, consistent with the area's industrial and manufacturing heritage.