At a Glance
Average Property Price - CM24
£506,002
81
National percentile
Average Monthly Rent - CM
£1,413
73
National percentile
Average Net Household Income - CM24
£50,200
89
National percentile
Flat / Maisonette Yield - CM
5.6%
50
National percentile
10-Year Annualised Price Growth - CM24
2.9%
27
National percentile
10-Year Annualised Rent Growth - CM
4.2%
67
National percentile
Property Price & Volume Trends
The latest average property price is £506,000, placing it among the most expensive areas nationally. Over the past decade, prices have grown at 2.9% annually—a slower pace than the UK average. Transaction activity last year stood at 116 sales, modestly below its 10-year average of 144.
Rent & Yield Trends
The average monthly rent in the broader CM postcode area is £1,413, above the national average. Rents have grown at 4.2% annually over a decade—faster than the UK trend. The flat yield currently stands at 5.6%, notably above its 10-year average of 4.6%, reflecting stronger rental returns in the current environment.
Income & Affordability Trends
Household incomes here are well above the national average at around £50,200, placing the area among the most affluent nationally. The price-to-income ratio has risen to 9.8x from 8.4x in 2016, indicating housing has become less affordable relative to earnings. Rents have also become less affordable for renters: the rent-to-income ratio has climbed from 27.6% to 31.5% over the same period.
Resident Demographic Profile
The age profile is notably skewed toward families and middle-age households, with those aged 35–49 and 50–64 each representing 21% of the population—significantly above national levels. The 16–24 age group is underrepresented at 8.1%. Housing tenure strongly favours owner-occupation: 40% own with a mortgage (well above the 27.0% national average), whilst private rented and social rented sectors are proportionally smaller. The employment mix leans toward managerial and professional roles, with managers comprising 18.8%—notably above the national average of 13.4%.