At a Glance
Average Property Price - M15
£259,987
30
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M15
£35,864
36
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M15
5.5%
94
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The latest average property price in M15 is £260,000, placing it below the national average. Over the past decade, the area has experienced annualised growth of 5.5%, which is significantly faster than the national trend and ranks among the strongest-performing postcodes. Transaction activity has declined notably, with 233 sales in the latest full year compared to a 10-year average of 470 annually.
Rent & Yield Trends
Average monthly rent across the broader M postcode area stands at £1,211, positioning it above the national median. Rental growth over the past decade has been exceptional at 5.5% annually, among the fastest in the country. The current flat yield of 5.8% is notably elevated compared to the 10-year average of 4.7%, indicating a recent improvement in rental returns.
Income & Affordability Trends
Average net household income is £35,864, below the national average. Affordability for purchase has deteriorated significantly: the current price-to-income ratio of 8.8x is substantially worse than the 2016 level of 5.7x, reflecting faster price growth than income gains. Rental affordability has also worsened, with the rent-to-income ratio rising from 31.2% in 2016 to 36.3% today.
Resident Demographic Profile
M15 has an exceptionally young population profile, with 34.1% aged 16–24 (three times the national average) and 23.5% aged 25–34 (well above the 13.4% national figure). Conversely, residents aged 50 and over are markedly underrepresented. The area is dominated by private rental tenure at 46.3%, with social rented housing at 30.7%; owner-occupation is minimal at just 22.4% combined. The employment profile skews towards professionals (28.5%) and technical roles (17.7%), with very few in trades (4.1%).