At a Glance
Average Property Price - ME13
£384,358
64
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME13
£43,003
69
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME13
4.1%
68
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The latest average property price in ME13 is £384,000, positioning it in the upper-middle range nationally. Over the past decade, prices have grown at 4.1% annually — a solid but below-average rate of appreciation. Transaction activity has been slightly lighter than its 10-year norm, with 428 sales in the latest full year against an historical average of 479.
Rent & Yield Trends
Average monthly rent in the broader ME postcode area stands at £1,248, placing it among the pricier rental markets nationally. Rental growth has been particularly strong, averaging 4.8% per year — well above the national trend. The flat yield has improved notably, rising to 6.2% from a 10-year average of 4.9%, reflecting a favourable shift for buy-to-let investors.
Income & Affordability Trends
Average net household income of £43,000 sits above the national median, indicating a relatively prosperous demographic. However, affordability has tightened: the price-to-income ratio has risen from 8.1x in 2016 to 9.0x today, making purchase progressively more demanding. Rental affordability has also deteriorated, with rent absorbing 29.8% of household income now, up from 26.7% seven years ago.
Resident Demographic Profile
The population is notably older than average, with those aged 50 and over representing 43.1% compared to a national average of 39.4%. The working-age group aged 16–24 is underrepresented at 8.7% against 11.0% nationally. Housing tenure leans towards outright ownership (37% versus 33.7% nationally), while private renting is below average at 16.4%. The employment profile is broadly balanced, with a slight overweight of trades workers at 11.4% against 10.5% nationally.