At a Glance
Average Property Price - CM9
£408,396
69
National percentile
Average Monthly Rent - CM
£1,413
73
National percentile
Average Net Household Income - CM9
£42,522
68
National percentile
Flat / Maisonette Yield - CM
5.6%
50
National percentile
10-Year Annualised Price Growth - CM9
3.1%
33
National percentile
10-Year Annualised Rent Growth - CM
4.2%
67
National percentile
Property Price & Volume Trends
The latest average property price in CM9 is £408,000, placing it among the more expensive areas nationally. However, over the past decade, the area has experienced annualised price growth of 3.1%, which is noticeably slower than the national trend. Transaction activity has also softened: 510 sales were recorded in the latest full year, compared to a 10-year average of 592 annually.
Rent & Yield Trends
Rental costs in the broader CM postcode area average £1,413 per month, well above the national median. Rents have grown at 4.2% per year over the past decade, a solid pace that outpaces the national average. Flat yields have moved in a favourable direction, rising to 5.6% in the latest year from a 10-year average of 4.6%, reflecting improved income relative to capital values.
Income & Affordability Trends
Average net household income is £42,522, above the national average. However, affordability has tightened on both fronts: the purchase price-to-income ratio stands at 9.3x, up from 8.7x in 2016, whilst the rent-to-income ratio has risen to 31.5% from 27.6% over the same period, signalling that both buying and renting have become less accessible relative to local earnings.
Resident Demographic Profile
The population skews noticeably older, with over a quarter aged 65 or above (against a national average of 19.6%) and those aged 50–64 representing 22.2% of residents. Conversely, young adults aged 16–24 are significantly underrepresented at 8.7% compared to 11.0% nationally. Housing tenure shows a strong preference for outright ownership (41.7% vs 33.7% nationally) and a notably lower reliance on private renting (13.8% vs 21.7%). In employment, managers and professionals are more prevalent than average, whilst caring roles are less common.