At a Glance
Average Property Price - CM23
£476,252
78
National percentile
Average Monthly Rent - CM
£1,413
73
National percentile
Average Net Household Income - CM23
£49,575
88
National percentile
Flat / Maisonette Yield - CM
5.6%
50
National percentile
10-Year Annualised Price Growth - CM23
2.6%
17
National percentile
10-Year Annualised Rent Growth - CM
4.2%
67
National percentile
Property Price & Volume Trends
The latest average property price in CM23 is £476,000, placing it among the most expensive nationally. Over the past decade, prices have grown at 2.6% annually—below the national pace. Transaction activity has slowed recently, with 616 sales in the latest full year compared to a 10-year average of 752, suggesting a softening in market momentum.
Rent & Yield Trends
Average monthly rents in the broader CM postcode area stand at £1,413, above the national average. Rental growth over the past decade has been moderate at 4.2% annually, keeping pace with national trends. The flat yield has improved noticeably, reaching 5.6% in the latest year from a 10-year average of 4.6%, reflecting positive conditions for rental investors.
Income & Affordability Trends
Household incomes in CM23 are notably strong, among the highest nationally at an average of £49,575. However, affordability has deteriorated: the price-to-income ratio has risen from 8.6x in 2016 to 9.9x today, signalling that property has become significantly less affordable relative to earnings. Rental affordability has also worsened, with the rent-to-income ratio climbing from 27.6% to 31.5% over the same period.
Resident Demographic Profile
The area has a slightly larger proportion of children (19.1% under 15) and a notably stronger presence of prime working-age adults aged 35–49 (21.3%), both suggesting a family-oriented demographic. The mortgage-owning population is above average at 34.1%, while the private rented sector is proportionately smaller. The employment profile is skewed towards higher-skilled roles, with professionals (21.8%) and managers (16.0%) significantly overrepresented compared to national norms, and trades workers notably underrepresented.