At a Glance
Average Property Price - BL3
£201,791
13
National percentile
Average Monthly Rent - BL
£893
33
National percentile
Average Net Household Income - BL3
£30,102
8
National percentile
Flat / Maisonette Yield - BL
6.7%
98
National percentile
10-Year Annualised Price Growth - BL3
6.5%
98
National percentile
10-Year Annualised Rent Growth - BL
5.3%
96
National percentile
Property Price & Volume Trends
The average property price in BL3 is £202,000, well below the national average and among the cheapest in the UK. However, the area has experienced exceptional price growth over the past decade, with annual growth of 6.5% — faster than nearly all other postcodes nationally. Transaction activity has softened in recent years, with 414 sales in the latest full year compared to an average of 589 over the preceding decade.
Rent & Yield Trends
Average monthly rents of £893 sit below the national median. Rental growth has been strong at 5.3% per year over the past decade, outpacing most of the country. The flat yield currently stands at 6.7%, notably higher than the ten-year average of 5.7%, reflecting a recent tightening in valuations relative to rental income.
Income & Affordability Trends
Average household income of £30,102 is significantly below the national median, placing the area among the lowest-income quartiles in the UK. The price-to-income ratio of 5.8x has deteriorated since 2016 (when it was 4.9x), indicating that property price growth has outpaced wage growth and affordability has worsened for buyers. Rental affordability has also declined, with the rent-to-income ratio rising from 23.9% in 2016 to 26.3% today.
Resident Demographic Profile
The area has a notably young population, with 23.7% aged under 15 compared to the national average of 17.5%. Social rented housing is significantly above the national average at 26.6%, reflecting higher levels of deprivation and reliance on public housing. The employment profile is heavily weighted towards elementary occupations (15.1%) and sales roles (11.8%), well above national averages, with below-average representation in professional and managerial roles.