At a Glance
Average Property Price - M46
£198,419
12
National percentile
Average Monthly Rent - M
£1,211
64
National percentile
Average Net Household Income - M46
£31,414
12
National percentile
Flat / Maisonette Yield - M
5.8%
64
National percentile
10-Year Annualised Price Growth - M46
4.7%
83
National percentile
10-Year Annualised Rent Growth - M
5.5%
98
National percentile
Property Price & Volume Trends
The current average property price of £198,000 sits well below the national average, placing it among the most affordable districts nationally. Over the past decade, prices have grown at 4.7% per year—a pace faster than most of the UK. However, transaction activity has softened, with 289 sales in the latest year compared to a 10-year average of 367 annually.
Rent & Yield Trends
Rental levels in the broader M postcode area stand at £1,211 per month, slightly above the national median. Rents have climbed by 5.5% annually over the past decade—among the strongest growth rates in the country. Flat yields have expanded to 5.8% in the latest period, up from a 10-year average of 4.7%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income of £31,400 falls well below the national average, placing the area among the lower-income districts. The price-to-income ratio has worsened from 4.9x in 2016 to 5.7x today, signalling reduced purchase affordability despite low absolute prices. Rental affordability has also declined, with the rent-to-income ratio rising from 31.2% to 36.3% over the same period.
Resident Demographic Profile
The population skews slightly younger, with 19.1% under 15 compared to the national average of 17.5%. Home ownership with a mortgage is more common here at 31.4% versus 27.0% nationally, though outright ownership is less prevalent at 29.9%. Social rented housing accounts for 20.1% of tenure—notably higher than the 16.5% national average. The workforce is more heavily concentrated in trades (12%) and caring roles (10.9%) than national norms, while professional occupations are proportionally less common at 15.3%.