At a Glance
Average Property Price - CM3
£504,989
80
National percentile
Average Monthly Rent - CM
£1,413
73
National percentile
Average Net Household Income - CM3
£46,516
80
National percentile
Flat / Maisonette Yield - CM
5.6%
50
National percentile
10-Year Annualised Price Growth - CM3
3.9%
63
National percentile
10-Year Annualised Rent Growth - CM
4.2%
67
National percentile
Property Price & Volume Trends
The latest average price of £505,000 places CM3 among the most expensive nationally. Over the past decade, prices have grown at 3.9% annually—a moderate pace compared with the wider UK market. Transaction activity has eased from its 10-year average, with 708 sales in the latest full year against a historical norm of 863.
Rent & Yield Trends
Average monthly rents of £1,413 sit above the national median. Over ten years, rents have risen at 4.2% annually, slightly faster than the UK average. The flat yield stands at 5.6%, noticeably above its 10-year average of 4.6%, reflecting tightening rental-to-price dynamics and stronger income generation for buy-to-let investors.
Income & Affordability Trends
Average household income of £46,500 is well above the national average, placing the area among higher-earning regions. The price-to-income ratio of 10.8x has widened since 2016 (9.3x), signalling that home affordability has deteriorated despite rising incomes. Rental affordability has similarly weakened: the rent-to-income ratio has risen from 27.6% to 31.5%, meaning renters now spend a larger share of earnings on housing.
Resident Demographic Profile
The population skews towards the older end of the age spectrum: those aged 50–64 (21.7%) and 65+ (21.9%) are both notably above national norms, while 16–24-year-olds (8.8%) are underrepresented. Owner-occupation is pronounced—41% own outright and 36.5% own with a mortgage—leaving just 11.4% in private rented housing, well below the national average. The employment mix leans towards managers (17.4%), professionals (19.3%), and administrative roles (11.4%), with fewer elementary workers (7.2%) than the UK average.