At a Glance
Average Property Price - M45
£323,804
49
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M45
£36,440
40
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M45
5.5%
94
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The average property price in M45 is £324,000, positioning it close to the national midpoint. Over the past decade, prices have grown at 5.5% annually—among the fastest growth nationally. Transaction activity has moderated, with 247 sales in the latest year compared to a 10-year average of 314, reflecting the post-pandemic softening of momentum.
Rent & Yield Trends
Average monthly rents in the broader M postcode area stand at £1,211, above the national average. Rental growth has been exceptionally strong at 5.5% annually over ten years, ranking among the fastest in the UK. The flat yield has risen to 5.8%, up from a 10-year average of 4.7%, signalling improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income in M45 is £36,440, modestly below the national average. The price-to-income ratio now stands at 7.6x, up from 6.6x in 2016, indicating that property has become less affordable relative to local earnings. Rental affordability has similarly tightened: renters now spend 36.3% of income on housing, compared to 31.2% in 2016.
Resident Demographic Profile
The area has a notably higher proportion of children under 15 (19.1% versus 17.5% nationally) and of working-age adults aged 35–49 (20.6% versus 18.7%), suggesting a family-oriented demographic. Owner-occupation is strong, with 35.9% owning outright and 33.6% with mortgages, well above national tenure patterns. The employment mix is skewed toward professional and technical roles (22.7% and 14.8% respectively), while trades employment is notably lower than average at 8.3%.