At a Glance
Average Property Price - M29
£262,269
31
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M29
£34,386
28
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M29
5.2%
92
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The average property price in M29 is £262,000, placing it below the national average. Over the past decade, prices have grown at 5.2% annually—among the fastest growth rates nationally. Transaction volumes have moderated recently, with 301 sales in the latest year compared to a 10-year average of 389, reflecting a slowdown in market activity.
Rent & Yield Trends
Average monthly rent stands at £1,211, positioning the area above the national midpoint for rental costs. Rent growth has accelerated sharply over the past decade at 5.5% per year—among the strongest rental growth rates in the country. The flat yield currently stands at 5.8%, up meaningfully from its 10-year average of 4.7%, signalling improving returns for buy-to-let investors.
Income & Affordability Trends
Average net household income is £34,386, below the national average. The price-to-income ratio has deteriorated notably, rising from 5.8x in 2016 to 7.2x today, making property purchase less affordable for local earners. Rental affordability has also worsened, with rent-to-income ratio increasing from 31.2% to 36.3% over the same period.
Resident Demographic Profile
The population skews slightly older than national norms, with a notably lower share of young adults aged 16–24 (8.7% versus 11.0% nationally) and a higher proportion aged 50–64 (20.6% versus 19.8%). Housing tenure shows a stronger presence of mortgage-holding homeowners at 33.8% compared to 27.0% nationally, while private renting is notably underrepresented at 15.8% against 21.7% nationally. The employment profile leans towards technical roles (13.7%) and skilled trades (11.5%), with proportionally fewer professionals and managers than the national average.