At a Glance
Average Property Price - ME12
£299,508
42
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME12
£35,190
32
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME12
4.6%
82
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The average property price in ME12 is £300,000, placing it slightly below the national midpoint. Over the past decade, prices have grown at 4.6% annually, which ranks among the faster-growing areas nationally. Transaction activity has softened recently, with 481 sales in the latest year compared to an average of 565 over the previous decade.
Rent & Yield Trends
Average monthly rent across the ME postcode area stands at £1,248, positioning it above the national average. Rents have expanded at 4.8% per year over ten years, one of the strongest growth rates nationally. The flat yield currently sits at 6.2%, up notably from its ten-year average of 4.9%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Average household income in ME12 is £35,190, notably below the national average. The price-to-income ratio now stands at 8.6x, meaning property has become less affordable relative to earnings since 2016, when it stood at 6.9x. Rental affordability has also tightened: the rent-to-income ratio has risen from 26.7% in 2016 to 29.8% today, indicating rent is claiming a larger share of household income.
Resident Demographic Profile
The population skews slightly older than national norms, with those aged 50–64 representing 20.3% compared to 19.8% nationally. The area has a notably higher concentration of trade workers (13.7% versus 10.5% nationally) and elementary occupations (14.1% versus 10.2%), reflecting its industrial and manual labour base. Private rented housing is more prevalent than average at 24.4% against 21.7% nationally, while ownership with mortgage is slightly elevated at 28.1%.