At a Glance
Average Property Price - M35
£237,087
23
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M35
£32,152
15
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M35
6.3%
98
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The latest average property price in M35 is £237,000, placing it well below the national average and among the most affordable areas nationally. Over the past decade, prices have grown at 6.3% per year—a rate among the fastest in the UK, significantly outpacing the sluggish national average. Transaction activity has eased recently, with 217 sales in the latest full year compared to a 10-year average of 284, suggesting a slowdown in market momentum.
Rent & Yield Trends
Average monthly rents in the broader M postcode area stand at £1,211, placing them above the national midpoint and reflecting strong rental demand. Rents have climbed at 5.5% annually over the past decade, among the strongest growth rates across the country. The flat yield now stands at 5.8%—a marked improvement on the 10-year average of 4.7%—indicating that rental returns have strengthened substantially in recent years.
Income & Affordability Trends
Average net household income in M35 is £32,152, significantly below the national average and among the lowest across the UK. The price-to-income ratio has risen to 6.4x, a material increase from 5.1x in 2016, meaning affordability for homebuyers has deteriorated even as prices have grown faster than wages. Rental affordability has similarly worsened: renters now spend 36.3% of income on housing, up from 31.2% in 2016, signalling increased pressure on household budgets.
Resident Demographic Profile
The age profile is broadly aligned with national norms, though the working-age population is slightly skewed towards older cohorts—those aged 50–64 represent 20.8% of the population, above the national average. Housing tenure is notably polarised: mortgage ownership stands at 30%, well above the national average of 27%, whilst outright ownership is below average at 30.6%. Employment is distinctly skewed towards elementary and caring roles, which together account for 23.2% of the workforce, significantly above national levels, whilst professional and managerial roles are substantially underrepresented.