At a Glance
Average Property Price - B98
£253,918
29
National percentile
Average Monthly Rent - B
£1,056
53
National percentile
Average Net Household Income - B98
£36,516
41
National percentile
Flat / Maisonette Yield - B
6.3%
87
National percentile
10-Year Annualised Price Growth - B98
3.9%
63
National percentile
10-Year Annualised Rent Growth - B
4.4%
77
National percentile
Property Price & Volume Trends
The latest average property price in B98 is £254,000, below the national average. Over the past decade, prices have grown at 3.9% annually—a pace slightly above the national median, reflecting steady but modest appreciation. Transaction activity has softened recently, with 423 sales recorded in the latest full year compared to a 10-year average of 601, indicating a decline in market turnover.
Rent & Yield Trends
Average monthly rent in the B postcode area is £1,056, close to the national average. Rental growth has been strong over the past decade at 4.4% per year—well above the national norm, suggesting sustained landlord demand. The flat yield currently stands at 6.3%, a meaningful improvement from the 10-year average of 4.9%, pointing to improving returns for rental investors.
Income & Affordability Trends
Average net household income is £36,516, slightly below the national average. The price-to-income ratio has deteriorated since 2016, rising from 6.1x to 7.1x, indicating that property has become less affordable relative to household earnings. By contrast, rental affordability has improved modestly: the rent-to-income ratio has fallen from 29.3% to 28.8%, easing pressure on tenants.
Resident Demographic Profile
The population skews slightly older, with a notable concentration in the 35–49 age group (20.3% versus 18.7% nationally) and above-average representation of those aged 50–64 and 65+. Housing tenure is fairly balanced between outright ownership (31.8%) and mortgaged properties (32.1%), though social rented housing is above average at 19.9%. The employment profile is more weighted towards trades (11.8%), plant and machine operation (12.2%), and elementary roles (12.7%), while professional occupations are significantly underrepresented at 14.9%.