At a Glance
Average Property Price - M28
£314,233
46
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M28
£36,333
40
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M28
5.1%
91
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The average property price in M28 is £314,000, placing it close to the national median. Over the past decade, prices have grown at 5.1% annually—among the fastest growth rates nationally. However, transaction activity has softened: 611 sales were recorded in the latest full year, down from a 10-year average of 794, suggesting a slower market in recent periods.
Rent & Yield Trends
Average monthly rent across the broader M postcode area stands at £1,211, above the national average. Rental growth has been particularly strong at 5.5% annually over the past decade—among the very fastest in the country. The flat yield has improved to 5.8%, up notably from its 10-year average of 4.7%, indicating strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average household income in M28 is £36,333, below the national average. The price-to-income ratio has worsened considerably: it now stands at 8.6x compared to 7.1x in 2016, reflecting faster price growth than income gains. Rental affordability has also deteriorated: the rent-to-income ratio has risen from 31.2% to 36.3% over the same period, placing growing pressure on renters.
Resident Demographic Profile
The area has a notably higher proportion of children under 15 at 20.2%, compared to the national average of 17.5%. The younger working-age population (16–24) is underrepresented at 8.8%, well below the national 11.0%. Housing tenure shows a stronger bias toward ownership: 34.7% own with a mortgage (above the 27.0% national average) and only 15.1% rent privately (below the 21.7% national figure). The employment mix is broadly similar to national patterns, though the professional workforce is slightly above average at 21.7%.