At a Glance
Average Property Price - ME14
£405,283
68
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME14
£42,124
66
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME14
3.6%
51
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The latest average property price in ME14 is £405,000, placing it in the upper-middle range nationally. Over the past decade, prices have grown by 3.6% annually—close to the national average and reflecting steady but modest appreciation. Transaction activity has declined notably, with 445 sales recorded in the latest full year compared to a 10-year average of 574, suggesting softer recent market conditions.
Rent & Yield Trends
Average monthly rent in the broader ME postcode area stands at £1,248, slightly above the national midpoint. Rental growth has been notably strong, with 10-year annualised growth of 4.8% placing it in the top percentile nationally, well ahead of most UK regions. The flat yield has risen to 6.2%, up from a 10-year average of 4.9%, indicating improving returns for landlords and a tightening rental market.
Income & Affordability Trends
Average household income is £42,124, positioning the area slightly above the national median. Purchase affordability has improved meaningfully: the price-to-income ratio has fallen from 8.3x in 2016 to 7.6x today, making homes more accessible relative to earnings. Rental affordability has tightened, however, with rent-to-income ratios rising from 26.7% to 29.8%, suggesting growing pressure on renters' budgets.
Resident Demographic Profile
The area shows a notably older age profile than the national average, with fewer young adults (16–24 age group at 10.5%, below the 11.0% national figure) and a significantly higher proportion of working-age families aged 35–49 (21.9% versus 18.7% nationally). Housing tenure is notably more diverse, with private renting at 29.2%—well above the national 21.7%—and outright ownership proportionally lower at 25.9% versus 33.7% nationally. The employment mix is distinguished by higher representation in technical roles (15.5% versus 13.2%) and elementary occupations (13.2% versus 10.2%), with fewer professionals than the national average.