At a Glance
Average Property Price - CM21
£481,235
78
National percentile
Average Monthly Rent - CM
£1,413
73
National percentile
Average Net Household Income - CM21
£46,856
81
National percentile
Flat / Maisonette Yield - CM
5.6%
50
National percentile
10-Year Annualised Price Growth - CM21
3.6%
51
National percentile
10-Year Annualised Rent Growth - CM
4.2%
67
National percentile
Property Price & Volume Trends
The latest average property price in CM21 is £481,000, placing it among the most expensive nationally at the 78th percentile. Over the past decade, prices have grown at 3.6% per year on average—broadly in line with the national pace. Transaction activity has softened: 173 sales were recorded in the latest full year, down from a 10-year average of 209 per year, indicating a quieter market.
Rent & Yield Trends
Average monthly rent in the broader CM area stands at £1,413, above the national average and in the upper quartile nationally. Rental growth over the past decade has outpaced the national trend at 4.2% per year. The flat yield has strengthened to 5.6% in the latest year, up from a 10-year average of 4.6%, reflecting improved returns for landlords.
Income & Affordability Trends
Average net household income is £46,856, placing the area among the more affluent nationally at the 81st percentile. Purchase affordability has deteriorated: the price-to-income ratio has risen from 8.2x in 2016 to 10.8x today, reflecting prices growing faster than incomes. Rental affordability has similarly worsened, with rent consuming 31.5% of income compared to 27.6% six years ago.
Resident Demographic Profile
The population is notably older than the national average, with over a fifth aged 65 and above, and those aged 50–64 also well represented. Conversely, the 16–24 age group is underrepresented. Housing tenure is strongly skewed towards ownership: nearly four in ten homes are owned outright and a further 35% are owned with a mortgage, well above national norms, while private and social rental account for smaller shares. The employment mix shows an above-average concentration of managers and administrative workers, alongside a lower proportion in elementary occupations.