At a Glance
Average Property Price - ME2
£333,748
52
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME2
£41,514
64
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME2
4.0%
65
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The average property price in ME2 is £334,000, placing it close to the national middle ground. Over the past decade, prices have grown at 4.0% annually—a solid but unspectacular pace compared to stronger-performing areas nationally. Transaction volumes have softened in recent years; last year saw 488 sales against a 10-year average of 621, reflecting a modest decline in market activity.
Rent & Yield Trends
Average monthly rent in the broader ME postcode is £1,248, positioning it above the national average. Rental growth has been notably strong, rising 4.8% annually over a decade—well above the typical UK rate. The flat yield has improved markedly, now at 6.2% compared to a 10-year average of 4.9%, indicating strengthened returns for landlords in recent years.
Income & Affordability Trends
Average household income in ME2 is £41,514, above the national average. The price-to-income ratio currently stands at 7.9x, having risen from 7.2x in 2016—meaning affordability has tightened for buyers over the period. Rental affordability has also deteriorated; the rent-to-income ratio has moved from 26.7% to 29.8%, indicating an increasing cost burden for renters.
Resident Demographic Profile
The area has a notably younger age profile than the national average, with 21.1% of residents under 15 (versus 17.5% nationally) and a larger share of school-age families. Homeownership with a mortgage is markedly higher at 36.4% compared to 27.0% nationally, reflecting a younger, family-oriented demographic. The employment mix shows a stronger presence in trades (12.2% versus 10.5% nationally) and technical roles, with fewer professionals (16.2% versus 20.5%).