At a Glance
Average Property Price - CB23
£445,267
74
National percentile
Average Monthly Rent - CB
£1,428
77
National percentile
Average Net Household Income - CB23
£43,201
70
National percentile
Flat / Maisonette Yield - CB
4.8%
16
National percentile
10-Year Annualised Price Growth - CB23
3.1%
32
National percentile
10-Year Annualised Rent Growth - CB
3.9%
53
National percentile
Property Price & Volume Trends
The latest average property price in CB23 is £445,000, placing it among the most expensive nationally. Over the past decade, the area has seen annualised price growth of 3.1%, which is below the national average rate. Transaction volumes have moderated recently, with 427 sales in the latest full year compared to a 10-year average of 585 per annum.
Rent & Yield Trends
Average monthly rent in the broader CB postcode area is £1,428, positioning it among the most expensive rental markets nationally. Over ten years, rents have grown at 3.9% annually, broadly in line with the national trend. The current flat yield of 4.8% has improved noticeably from its 10-year average of 3.9%, reflecting a more favourable environment for rental investors.
Income & Affordability Trends
Average net household income in CB23 is £43,201, placing it above the national average. However, affordability pressures are evident: the price-to-income ratio has risen significantly from 7.5x in 2016 to 11.0x today, reflecting property price growth substantially outpacing income gains. Rental affordability has similarly deteriorated, with the rent-to-income ratio rising from 28.1% to 32.5% over the same period.
Resident Demographic Profile
The area has a pronounced family and professional character. Those aged 35–49 make up nearly a quarter of the population, well above the national average, whilst the under-15 age group is also notably elevated at 22.5%. Mortgage ownership is strong at 36.9%, significantly above the national figure, reflecting the family-focused demographic. The workforce is heavily skewed towards professionals, who account for 32.3% of employment—far above the national average of 20.5%—with a correspondingly low proportion in elementary and plant/machine occupations.