At a Glance
Average Property Price - CM77
£423,332
71
National percentile
Average Monthly Rent - CM
£1,413
73
National percentile
Average Net Household Income - CM77
£44,845
76
National percentile
Flat / Maisonette Yield - CM
5.6%
50
National percentile
10-Year Annualised Price Growth - CM77
2.8%
24
National percentile
10-Year Annualised Rent Growth - CM
4.2%
67
National percentile
Property Price & Volume Trends
The average property price in CM77 is £423,000, placing it among the more expensive areas nationally. However, the district has experienced only modest growth over the past decade, with annualised appreciation of 2.8% — below the national trend. Transaction activity has softened recently, with 182 sales in the latest year compared to a 10-year average of 242, suggesting a less active market than its historical baseline.
Rent & Yield Trends
Rents in the broader CM area average £1,413 per month, above the national median. Over a decade, rental growth has been steady at 4.2% annually — a solid pace relative to national trends. The flat yield currently stands at 5.6%, notably above its 10-year average of 4.6%, indicating improved returns for buy-to-let investors in the present market.
Income & Affordability Trends
Household incomes in CM77 are above average nationally, at £44,845. However, affordability has tightened: the price-to-income ratio has risen from 8.7x in 2016 to 9.7x today, meaning properties have become harder to purchase relative to earnings. Rental affordability has similarly deteriorated, with the rent-to-income ratio climbing from 27.6% to 31.5% over the same period.
Resident Demographic Profile
The population skews slightly older than average, with those aged 50–64 representing 20.7% (versus 19.8% nationally) and relatively fewer young adults aged 16–24 at 9.7% compared to 11.0% nationally. Housing tenure shows a notably higher proportion of mortgaged properties at 37.9% against the national 27.0%, alongside above-average outright ownership at 34.5%, reflecting a strong purchase-owner culture. The employment profile leans more towards technical roles at 14.1% and administrative positions at 11.0%, with fewer professionals (16.7%) than the national average of 20.5%.