At a Glance
Average Property Price - M27
£246,999
27
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M27
£34,039
25
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M27
6.0%
97
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The average property price in M27 is £247,000, placing it well below the national average. Despite this modest valuation, the area has experienced exceptional price growth over the past decade, with annual gains of 6.0% — among the fastest nationally. Transaction activity has eased recently, with 459 sales in the latest year compared to a 10-year average of 606, suggesting a normalisation of market momentum.
Rent & Yield Trends
Monthly rents in the wider M postcode area average £1,211, slightly above the national midpoint. Rental growth has been exceptionally strong, rising 5.5% annually over ten years — among the fastest in the country. The flat yield currently stands at 5.8%, a meaningful uplift from the 10-year average of 4.7%, reflecting improving returns for landlords.
Income & Affordability Trends
Average household income in M27 is £34,039, notably below the national average. Purchase affordability has deteriorated: the price-to-income ratio has risen from 5.2x in 2016 to 7.4x today, making homeownership considerably less accessible despite modest property prices. Rental affordability has similarly worsened, with the rent-to-income ratio climbing from 31.2% to 36.3% over the same period, indicating that renters now spend a larger share of earnings on housing.
Resident Demographic Profile
The population skews slightly older, with a notably smaller proportion of young adults aged 16–24 (9.1% versus 11.0% nationally) and a correspondingly higher share of 35–49 year-olds (19.9% versus 18.7%). Mortgage ownership is elevated at 32.1%, well above the national average of 27.0%, whilst private rental tenure is correspondingly lower at 17.2%. The employment profile shows a slight technical skills bias, with technical roles at 14.1% compared to 13.2% nationally, and a notably lower proportion of managers at 11.0% against 13.4% nationally.