At a Glance
Average Property Price - ME15
£360,982
59
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME15
£40,642
61
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME15
3.5%
48
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The average property price in ME15 is £361,000, slightly above the national midpoint. Over the past decade, prices have grown at 3.5% annually—a rate close to the national average, reflecting steady rather than exceptional appreciation. Transaction volumes have fallen noticeably: 499 sales in the latest year compared to a 10-year average of 716, suggesting a slowdown in market activity.
Rent & Yield Trends
Average monthly rent in the broader ME area is £1,248, placing it above the national median. Rental growth has been notably strong at 4.8% per year over the past decade—among the fastest growth rates nationally. The flat yield currently stands at 6.2%, up from a 10-year average of 4.9%, indicating that investment returns have improved in recent times.
Income & Affordability Trends
Average net household income is £40,642, slightly above the national average. The price-to-income ratio has risen to 9.1x from 7.6x in 2016, reflecting that properties have become less affordable relative to local earnings over that period. Similarly, rental affordability has tightened: the rent-to-income ratio has increased from 26.7% to 29.8%, meaning renters now dedicate a larger share of income to housing.
Resident Demographic Profile
The population skews slightly younger than the national average, with 20.6% under 15 and a noticeably lower proportion of young adults aged 16–24 (9.4%). Social renting is significantly higher than national norms at 22.7%, while mortgage ownership is correspondingly elevated at 30.3%. The employment base is weighted towards manual and elementary roles: trades (11.7%), elementary occupations (12.8%), and plant/machinery work (8.6%) are all above national averages, whilst professional occupations (15.2%) are notably underrepresented.