At a Glance
Average Property Price - M31
£229,980
21
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M31
£36,240
39
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M31
7.7%
99
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
At £230,000, M31 is below the national average for property prices. However, the area has seen exceptional growth: 10-year annualised price appreciation stands at 7.7%, among the fastest growth rates nationally. Transaction activity in the latest year—69 sales—has fallen below the 10-year average of 90 per year, suggesting a softening in market momentum.
Rent & Yield Trends
Average monthly rent of £1,211 sits above the national midpoint. Rental growth has been particularly strong at 5.5% annually over the past decade, placing it among the top performers nationally. Yields have improved noticeably, rising from 4.7% on average over the past decade to 5.8% in the latest year, reflecting tighter pricing relative to rental income.
Income & Affordability Trends
Average household income of £36,240 sits below the national average. The price-to-income ratio has deteriorated significantly: it now stands at 6.9x compared with 4.2x in 2016, indicating that homes have become markedly less affordable relative to local earnings. Rental affordability has also worsened: rent now consumes 36.3% of income versus 31.2% a decade ago.
Resident Demographic Profile
The population is older than average, with notably fewer young adults aged 16–24 (8.8% versus 11.0% nationally) and a larger proportion aged 50–64 (20.8% versus 19.8%). Housing tenure is more owner-occupied than the national norm, with 69.6% owning outright or with a mortgage compared to 60.7% nationally, and correspondingly lower private rental (10.9% versus 21.7%). The employment profile skews towards professionals (22.2% versus 20.5%) and technical roles (14.2% versus 13.2%), while trades and elementary occupations are less represented.