At a Glance
Average Property Price - ME11
£228,833
21
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME11
£36,149
38
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME11
5.1%
91
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The average property price in ME11 is £229,000, placing it well below the national average—among the cheapest twenty percent of UK postcode districts. Over the past decade, prices have grown at 5.1% annually, which ranks among the fastest growth rates nationally and significantly outpaces the typical pattern elsewhere. Transaction activity has slowed considerably, with 36 sales in the latest full year compared to a ten-year average of 49 per year, suggesting a quieter market.
Rent & Yield Trends
Average monthly rent in the broader ME postcode area stands at £1,248, placing it above the national median. Rental growth over ten years has averaged 4.8% per annum—notably strong compared to the national trend. The flat yield currently sits at 6.2%, a marked improvement on the ten-year average of 4.9%, indicating that rental returns have become increasingly attractive relative to property values.
Income & Affordability Trends
Average household net income in ME11 is £36,149, placing it below the national average. The price-to-income ratio has deteriorated to 6.2x, up from 5.1x in 2016, meaning homes have become less affordable relative to local earnings despite their low absolute prices. Rental affordability has similarly worsened: the rent-to-income ratio has risen to 29.8% from 26.7% in 2016, indicating that a larger share of income is now needed to cover rental costs.
Resident Demographic Profile
The age profile skews slightly older than the national average, with 20.9% aged 65 and over compared to the national 19.6%, and a lower-than-average share of young adults aged 16–24 at 9.4%. Housing tenure shows a notably higher rate of outright ownership at 36.2% versus the national 33.7%, and a markedly lower social rented proportion at 11.8% compared to 16.5% nationally. The employment mix is distinctive: trades workers represent 15.1% of the workforce—well above the national 10.5%—as do elementary workers at 15.4%, indicating a labour market heavily weighted towards manual and routine occupations rather than professional roles.