At a Glance
Average Property Price - CM16
£635,744
91
National percentile
Average Monthly Rent - CM
£1,413
73
National percentile
Average Net Household Income - CM16
£49,056
87
National percentile
Flat / Maisonette Yield - CM
5.6%
50
National percentile
10-Year Annualised Price Growth - CM16
2.6%
18
National percentile
10-Year Annualised Rent Growth - CM
4.2%
67
National percentile
Property Price & Volume Trends
The average property price in CM16 is £636,000, placing it among the most expensive nationally. However, 10-year annualised price growth of 2.6% is notably below the national average, reflecting a relatively subdued long-term market. Transaction activity has softened slightly, with 314 sales in the latest year compared to a 10-year average of 346 per year.
Rent & Yield Trends
Average monthly rent in the broader CM area is £1,413, above the national average. Rent growth has been solid at 4.2% annually over a decade, in line with national trends. The flat yield currently stands at 5.6%, a meaningful improvement from its 10-year average of 4.6%, indicating strengthening returns for buy-to-let investors despite the elevated purchase prices.
Income & Affordability Trends
Average household income of £49,056 is well above the national average, reflecting the area's affluent commuter demographic. However, affordability has deteriorated: the price-to-income ratio has risen from 12.2x in 2016 to 13.1x today, signalling that property values have outpaced income growth. Rental affordability has also worsened, with rent consuming 31.5% of income in 2024 versus 27.6% in 2016.
Resident Demographic Profile
The population skews notably older and more affluent than national norms. Those aged 50–64 and 65+ together account for 42.1% of residents, well above the national combined average of 39.4%, whilst the 16–24 age group is significantly underrepresented at 8.2% against the national 11.0%. Owner-occupation is exceptionally high, with 70.1% owning outright or with mortgage, whilst private rental represents just 15.7%. The employment profile is heavily skewed towards higher-earning occupations: managers and professionals together comprise 41.3% of the workforce, compared to 33.9% nationally, whilst elementary and plant/machine roles are substantially below average.