At a Glance
Average Property Price - ME17
£453,168
75
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME17
£43,505
71
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME17
3.5%
48
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The latest average property price in ME17 is £453,000, placing it among the most expensive districts nationally. Annual price growth over the past decade has averaged 3.5%, broadly in line with the national trend. Transaction activity has declined: 391 sales were recorded in the latest full year, down from a 10-year average of 523 per annum.
Rent & Yield Trends
Average monthly rent across the broader ME postcode area stands at £1,248, above the national average. Rental growth has been notably strong at 4.8% annually over ten years, substantially outpacing most regions. The flat yield currently sits at 6.2%, up from its 10-year average of 4.9%, reflecting strengthening rental demand relative to capital values.
Income & Affordability Trends
Average net household income of £43,505 places the area above the national median. The price-to-income ratio has risen to 10.7x from 9.0x in 2016, indicating that property affordability has worsened materially over this period. Rental affordability has also tightened, with the rent-to-income ratio climbing from 26.7% to 29.8%, suggesting a growing squeeze on household budgets.
Resident Demographic Profile
The population skews slightly older than the national average, with notably higher proportions aged 50–64 (20.9% vs 19.8%) and 65+ (20.7% vs 19.6%), while those aged 16–24 are underrepresented at 8.5% versus 11.0% nationally. Housing tenure shows markedly higher owner-occupation: 36.8% own outright and 33.9% with a mortgage, compared to national figures of 33.7% and 27.0% respectively, while private rental (15%) is well below the national average of 21.7%. The employment profile is weighted toward managers (17.3% vs 13.4% nationally) and technical roles (14.3% vs 13.2%), with fewer elementary workers (8.4% vs 10.2%).