At a Glance
Average Property Price - M25
£321,752
49
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M25
£38,243
50
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M25
5.6%
94
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The latest average property price of £322,000 sits close to the national midpoint, reflecting neither a premium nor discount position. However, the district stands out for exceptional 10-year price growth of 5.6% annually—among the fastest-growing areas nationally. Transaction activity has declined noticeably: 314 sales in the latest year against a 10-year average of 440, signalling a slowdown in market momentum.
Rent & Yield Trends
Average monthly rents of £1,211 sit comfortably above the national median, placing the M postcode area in the upper-middle tier nationally. Rental growth has been particularly strong, with 10-year annualised growth of 5.5% among the fastest across the UK. Yields have improved substantially: the current flat yield of 5.8% sits well above the 10-year average of 4.7%, indicating an increasingly attractive proposition for buy-to-let investors as rents have outpaced capital growth.
Income & Affordability Trends
Average net household income of £38,243 aligns with the national average, placing the area squarely in the middle of the income distribution. Purchase affordability has deteriorated: the price-to-income ratio has risen from 6.6x in 2016 to 8.1x today, reflecting stronger house price growth than income gains. Rental affordability has also worsened, with the rent-to-income ratio climbing from 31.2% to 36.3% over the same period, meaning rental costs now consume a larger share of household budgets.
Resident Demographic Profile
The population skews notably younger than national norms, with 21.6% aged under 15 compared to the national average of 17.5%, suggesting a concentration of family households. The housing tenure profile is distinctive: owner-occupation (mortgaged and outright combined) reaches 68.4%—substantially above the national 60.7%—while private rental and social rented housing are both underrepresented. The employment mix is skewed toward professional and technical roles, with professionals making up 26.4% of the workforce against a national 20.5%, and technical occupations at 14.4% versus 13.2% nationally; by contrast, trades and elementary roles are notably scarce.