At a Glance
Average Property Price - ME18
£465,530
77
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME18
£48,295
85
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME18
2.1%
10
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The latest average property price in ME18 is £466,000, placing it among the most expensive nationally. However, the area has experienced notably slow growth over the past decade, with annualised price increases of just 2.1% — well below the national average. Transaction activity has softened recently, with 59 sales in the latest full year compared to a 10-year average of 99 annually.
Rent & Yield Trends
Average monthly rents in the broader ME postcode area stand at £1,248, slightly above the national midpoint. Rental growth has been robust, however, rising at 4.8% annually over the past decade — among the strongest nationally. Yields have strengthened considerably, with the flat yield now at 6.2%, up from a 10-year average of 4.9%, reflecting an improving rental return profile.
Income & Affordability Trends
Average household income in ME18 is £48,295, placing the area among the most affluent nationally. Despite this strong earning base, purchase affordability has deteriorated: the price-to-income ratio has risen from 8.6x in 2016 to 10.6x today, indicating that property has become significantly less affordable relative to local incomes. Rental affordability has similarly weakened, with rents climbing from 26.7% of household income in 2016 to 29.8% currently.
Resident Demographic Profile
The area has a notably high proportion of residents aged 35–49 (20.6%) and 50–64 (21.3%), suggesting a population skewed towards established families and early retirees. Ownership is strong, with 37.7% buying with a mortgage and 35.4% owning outright — well above national norms for mortgaged ownership. The employment mix is dominated by managers (20.4%) and professionals (21.5%), both substantially above the national average, alongside a notably lower proportion of elementary workers (6.9%).