At a Glance
Average Property Price - M3
£272,478
34
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M3
£24,550
3
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M3
5.3%
92
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The average property price in M3 is £272,478, placing it below the national average. Over the past decade, the district has seen annualised price growth of 5.3%, which ranks among the fastest-growing areas nationally. Transaction activity in the latest year stood at 478, slightly below its 10-year average of 548 annually.
Rent & Yield Trends
Average monthly rent in the broader M postcode area is £1,211, positioning it above the national median. Rent growth over the past decade has averaged 5.5% per year, substantially outpacing the national trend. The flat yield currently stands at 5.8%, up from a 10-year average of 4.7%, reflecting improving returns for landlords in recent years.
Income & Affordability Trends
Average net household income in M3 is £24,550, well below the national average. The price-to-income ratio has deteriorated sharply, rising from 5.8x in 2016 to 10.0x today, indicating a significant squeeze on purchase affordability. Rental affordability has also worsened, with the rent-to-income ratio increasing from 31.2% to 36.3% over the same period.
Resident Demographic Profile
M3 has an exceptionally young demographic profile. Those aged 16–24 represent 24% of the population—more than double the national average—while the 25–34 age group accounts for 36%, nearly three times the typical share. Conversely, the 65+ population is just 3.5%, far below the national norm. Housing tenure reflects the district's urban rental character: 62.3% live in private rented accommodation, compared to 21.7% nationally, whilst outright ownership at 7.6% is well below the 33.7% national average. The employment mix is heavily skewed towards professionals, who make up 33.4% of workers—well above the national 20.5%—and technical roles at 20.5%, suggesting a knowledge-intensive labour base.