At a Glance
Average Property Price - M16
£326,822
50
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M16
£32,592
16
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M16
6.5%
98
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The average property price in M16 is £327,000, around the national midpoint. Over the past decade, the area has seen annualised growth of 6.5%, among the strongest nationally. Transaction activity has softened noticeably: 248 sales were recorded in the latest full year, compared to an average of 417 over the previous ten years.
Rent & Yield Trends
Average monthly rent across the broader M postcode area stands at £1,211, above the national median. Rents have grown at 5.5% annually over ten years, among the fastest in the country. The flat yield has improved to 5.8%, up from a ten-year average of 4.7%, reflecting a strengthening rental market relative to purchase prices.
Income & Affordability Trends
Average household income in M16 is £32,592, significantly below the national average. The price-to-income ratio of 7.4x has improved from 7.8x in 2016, easing purchase affordability slightly. Rental affordability has tightened: the rent-to-income ratio has risen from 31.2% to 36.3%, indicating that renters now spend a larger share of income on housing.
Resident Demographic Profile
M16 has a notably young profile, with 21.8% of residents under 15 and 13.9% aged 16–24, well above national averages. The area is heavily dependent on rented housing: 29.6% live in private rentals and 32.8% in social housing, far exceeding national norms, while owner-occupation is low at just 36.6% combined. The workforce is skewed towards professionals (24.2%) and technical workers (15%), with fewer trades workers (5.7%) than nationally.