At a Glance
Average Property Price - M23
£281,198
37
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M23
£32,495
16
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M23
6.7%
99
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The average property price in M23 is £281,000, placing it below the national average. Over the past decade, the area has experienced exceptional price growth of 6.7% per year—among the fastest rates nationally. Transaction activity has moderated recently, with 279 sales in the latest full year compared to a 10-year average of 353 per year.
Rent & Yield Trends
Average monthly rent in the broader M postcode area is £1,211, slightly above the national median. Rents have grown at 5.5% per year over ten years, outpacing national trends significantly. Flat yields currently stand at 5.8%, a marked improvement from the 10-year average of 4.7%, reflecting stronger rental returns in recent conditions.
Income & Affordability Trends
Average household income in M23 is £32,495, well below the national average. The price-to-income ratio has deteriorated noticeably, rising from 5.8x in 2016 to 8.5x today, signalling that property has become substantially less affordable relative to local earnings. Rental affordability has also worsened, with the rent-to-income ratio climbing from 31.2% to 36.3% over the same period, indicating stronger cost pressures on renters.
Resident Demographic Profile
M23 has a notably young population, with over one in five residents under 15—well above the national average of 17.5%. Social rented housing dominates, accounting for 40.6% of tenure compared to just 16.5% nationally, while outright ownership is significantly lower at 18.6%. The employment profile is skewed towards elementary occupations (14.1%) and caring roles (12.9%), both well above national averages, while professional and managerial roles are underrepresented.