At a Glance
Average Property Price - M12
£204,159
13
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M12
£25,160
3
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M12
6.1%
97
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
At £204,000, M12 is among the cheapest areas nationally for property prices. However, the district has delivered exceptional growth: its 10-year annualised rise of 6.1% ranks among the fastest in the UK. Transaction activity has slowed markedly, with 62 sales in the latest year compared to a 10-year average of 117 annually.
Rent & Yield Trends
Average monthly rent of £1,211 sits slightly above the national midpoint. Rental growth has been exceptionally strong, with 10-year annualised increases of 5.5% ranking among the fastest nationally. The flat yield has expanded to 5.8%, well above its 10-year average of 4.7%, signalling improving returns for investors.
Income & Affordability Trends
Average household income of £25,160 places the area among the lowest nationally. The price-to-income ratio of 7.4x has deteriorated significantly since 2016 (5.5x), indicating reduced purchase affordability for local households. Rental affordability has also worsened: the rent-to-income ratio has risen to 36.3% from 31.2% in 2016, reflecting faster rent growth than wage growth.
Resident Demographic Profile
The population is notably young and deprived. Children under 15 account for 23.8% (well above the 17.5% national average), while those aged 65+ represent just 7.2% (below the 19.6% average). Social rented housing dominates at 46.9% of tenure, nearly three times the national average of 16.5%, while owner-occupation is scarce. Employment is skewed towards elementary roles (17.7%, above the 10.2% average) and caring professions (11.5%), with far fewer managers (6.6%) than nationally (13.4%).