At a Glance
Average Property Price - CM8
£348,073
56
National percentile
Average Monthly Rent - CM
£1,413
73
National percentile
Average Net Household Income - CM8
£42,853
69
National percentile
Flat / Maisonette Yield - CM
5.6%
50
National percentile
10-Year Annualised Price Growth - CM8
3.6%
52
National percentile
10-Year Annualised Rent Growth - CM
4.2%
67
National percentile
Property Price & Volume Trends
The average property price of £348,000 sits close to the national midpoint. Over the past decade, prices have grown at 3.6% annually—in line with the broader national trend. Transaction activity has eased from its 10-year average, with 473 sales recorded in the latest full year compared to 637 historically, suggesting a slowdown in market momentum.
Rent & Yield Trends
Monthly rents in the CM postcode area average £1,413 and rank above the national average, placing the area among stronger rental markets. Ten-year rent growth of 4.2% has outpaced national growth, reflecting sustained demand. The flat yield of 5.6% is notably above its 10-year average of 4.6%, indicating improving returns for rental investors despite higher capital values.
Income & Affordability Trends
Average household income of £43,000 is above the national average, reflecting a relatively affluent area. However, affordability has tightened: the price-to-income ratio has risen from 7.1x in 2016 to 8.6x today, making purchase prices less accessible 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, with a notably lower proportion of 16–24 year-olds (8.7% versus the national 11.0%), suggesting limited appeal to younger adults. Mortgage ownership is above average at 34.3% compared to 27.0% nationally, reflecting the area's appeal to established families. The workforce leans toward technical and administrative roles, which together account for a combined 25.8% of employment—above the national average for these sectors.