At a Glance
Average Property Price - ME10
£301,197
42
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME10
£39,821
57
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME10
4.1%
69
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The average property price in ME10 is £301,000, slightly below the national midpoint. Over the past decade, prices have grown at 4.1% annually — a pace notably faster than the national average, placing it in the upper third of all UK postcodes for long-term growth momentum. Transaction volume slipped to 696 sales in the latest year, down from a ten-year average of 859, suggesting slightly softer recent activity.
Rent & Yield Trends
Average monthly rent in the broader ME area is £1,248, placing it well above the national median. Rental growth has been particularly strong, averaging 4.8% per year over the past decade — among the fastest nationally. The current flat yield of 6.2% represents a meaningful uplift from the ten-year average of 4.9%, indicating strengthening returns for landlords in recent years.
Income & Affordability Trends
Average household income of £40,000 sits fractionally above the national median. Purchase affordability has tightened: the price-to-income ratio now stands at 7.9x, up from 6.9x in 2016, signalling that properties have become harder to access relative to local earnings. Rental affordability has similarly deteriorated, with rent consuming 29.8% of household income compared to 26.7% a decade ago.
Resident Demographic Profile
The population skews slightly younger than the UK average, with 20.8% under 15 compared to the national 17.5%, and correspondingly lower representation among those aged 65 and over. Housing tenure shows a notably strong mortgage ownership rate of 32.5%, well above the national average of 27.0%, with fewer outright owners. The employment profile is distinctive for higher proportions in trades (12.1% vs 10.5% nationally) and elementary roles (14% vs 10.2%), alongside lower representation among professionals (13.7% vs 20.5%).