At a Glance
Average Property Price - BL2
£228,469
20
National percentile
Average Monthly Rent - BL
£893
33
National percentile
Average Net Household Income - BL2
£31,983
14
National percentile
Flat / Maisonette Yield - BL
6.7%
98
National percentile
10-Year Annualised Price Growth - BL2
5.8%
96
National percentile
10-Year Annualised Rent Growth - BL
5.3%
96
National percentile
Property Price & Volume Trends
The average property price in BL2 is £228,000, placing it well below the national average—among the most affordable in the country. Over the past decade, prices have grown at 5.8% annually, a rate among the fastest nationally, demonstrating sustained upward momentum. Transaction numbers fell to 484 in the latest full year, down from a 10-year average of 586 per year, reflecting softer recent market activity.
Rent & Yield Trends
Average monthly rents of £893 sit below the national median, reflecting the area's affordable housing positioning. Rental growth has been strong at 5.3% annually over the past decade, matching the pace of national rent increases at the upper end of the scale. The flat yield has improved to 6.7%, up from a 10-year average of 5.7%, indicating a favourable position for buy-to-let investors relative to historical performance.
Income & Affordability Trends
Average household net income of £32,000 is below the national average, in the lower quartile nationally. Purchase affordability has declined: the price-to-income ratio now stands at 6.5x, worsening from 5.3x in 2016, reflecting prices growing faster than local income. Rental affordability has also tightened; the rent-to-income ratio has risen to 26.3% from 23.9% in 2016, indicating a larger share of income committed to rent.
Resident Demographic Profile
The age profile shows a slightly elevated proportion of under-15s at 20.5% compared to the national average of 17.5%, suggesting a family-oriented population. Social rented housing is notably more prevalent here at 23.8% against a national figure of 16.5%, reflecting the area's more affordable, mixed-tenure character. The employment mix is marked by a higher concentration in elementary occupations at 12% and caring roles at 10.8%, both above national averages, with professional employment at 15.4% below the national norm of 20.5%.