At a Glance
Average Property Price - BD3
£120,956
1
National percentile
Average Monthly Rent - BD
£735
15
National percentile
Average Net Household Income - BD3
£22,308
2
National percentile
Flat / Maisonette Yield - BD
5.7%
57
National percentile
10-Year Annualised Price Growth - BD3
3.8%
57
National percentile
10-Year Annualised Rent Growth - BD
3.7%
40
National percentile
Property Price & Volume Trends
Properties in BD3 are among the cheapest in the nation, with an average price of £121,000. Over the past decade, prices have grown at a moderate pace of 3.8% annually, in line with the national trend. Transaction activity has cooled recently, with 149 sales in the latest full year compared to an average of 192 over the preceding ten years.
Rent & Yield Trends
Average monthly rent stands at £735, well below the national average and among the most affordable in the country. Rental growth over ten years has been modest at 3.7% annually, slightly below the national pace. Yields have ticked upward to 5.7% in the latest year from a ten-year average of 5.4%, reflecting the stable rental demand in this budget-conscious market.
Income & Affordability Trends
Average household income in BD3 is £22,308, significantly below the national average and among the lowest nationally. The price-to-income ratio has deteriorated to 4.5x from 3.6x in 2016, signalling that property has become less affordable relative to local earnings over the past eight years. Rental affordability has also weakened, with rent now consuming 25.5% of household income compared to 24% in 2016.
Resident Demographic Profile
BD3 has a notably young population, with nearly three in ten residents under 15 — well above the national average of 17.5% — and a much smaller elderly population at 8.3% against the national 19.6%. Housing tenure is marked by high private renting at 29.7%, significantly above the national 21.7%, reflecting the area's transient and younger demographic. The employment profile is heavily skewed towards elementary occupations at 18% and plant/machinery roles at 15.2%, both substantially higher than national averages, with notably fewer professionals and managers than the national norm.