At a Glance
Average Property Price - BB5
£147,355
2
National percentile
Average Monthly Rent - BB
£685
7
National percentile
Average Net Household Income - BB5
£30,803
10
National percentile
Flat / Maisonette Yield - BB
5.8%
63
National percentile
10-Year Annualised Price Growth - BB5
4.0%
65
National percentile
10-Year Annualised Rent Growth - BB
3.9%
49
National percentile
Property Price & Volume Trends
The average property price in BB5 is £147,000, placing it among the cheapest in the UK. Over the past decade, prices have grown at 4.0% annually—roughly in line with the national pace. Transaction activity has softened slightly, with 728 sales in the latest full year compared to an average of 871 over the previous ten years.
Rent & Yield Trends
Average monthly rent in the broader BB postcode area is £685, well below the national average. Rent growth over ten years has averaged 3.9% annually, close to the national median. Flat yield has strengthened to 5.8%, up from a ten-year average of 4.7%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income stands at £31,000, notably below the national average. The price-to-income ratio of 4.5x is broadly affordable, though slightly higher than in 2016 (4.3x), indicating modest pressure on purchase affordability. Rental affordability has improved marginally: rent now consumes 20.9% of household income, down from 21.1% in 2016.
Resident Demographic Profile
The population is notably younger than average, with over one-fifth aged under 15. The area has a strong working-age presence in trades and caring professions, which are notably overrepresented compared to the national mix. The tenure profile is conventional, with owner-occupation and private renting both slightly above national levels, while social rented housing is proportionally less common.