At a Glance
Average Property Price - BL1
£222,919
19
National percentile
Average Monthly Rent - BL
£893
33
National percentile
Average Net Household Income - BL1
£28,281
5
National percentile
Flat / Maisonette Yield - BL
6.7%
98
National percentile
10-Year Annualised Price Growth - BL1
4.5%
80
National percentile
10-Year Annualised Rent Growth - BL
5.3%
96
National percentile
Property Price & Volume Trends
The average property price in BL1 stands at £223,000, placing it well below the national average—among the cheapest nationally. Over the past decade, prices have risen by 4.5% annually, a rate significantly above the national average. However, transaction activity has softened: 607 sales were recorded in the latest full year, down from a 10-year average of 857 per year.
Rent & Yield Trends
Average monthly rent in the broader BL postcode area is £893, below the national average. Rental growth over ten years has been exceptionally strong at 5.3% annually, among the fastest nationally. The flat yield currently stands at 6.7%, a marked improvement from the 10-year average of 5.7%, signalling an increasingly attractive rental market.
Income & Affordability Trends
Average household income in BL1 is £28,281, substantially below the national average—among the lowest nationally. The price-to-income ratio has deteriorated to 7.3x from 6.5x in 2016, making owner-occupied property harder to afford relative to earnings. Rental affordability has also worsened: the rent-to-income ratio has risen from 23.9% to 26.3%, indicating rental costs now consume a larger share of household income.
Resident Demographic Profile
BL1 has a notably young population, with 22.3% under 15—well above the national average of 17.5%. Social rented housing dominates tenure at 33.2%, more than double the national average of 16.5%, whilst outright ownership at 24.1% is significantly lower than the national 33.7%. The employment profile is heavily skewed towards elementary occupations (16% vs 10.2% nationally) and sales roles (12% vs 7.3%), with professionals underrepresented at just 15.4%.