At a Glance
Average Property Price - ME20
£399,432
67
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME20
£43,417
71
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME20
3.3%
38
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The latest average property price in ME20 is £399,000, placing it above the national median and among the more expensive districts nationally. Over the past decade, prices have grown at 3.3% annually—a modest pace that falls below the national average rate of growth. Transaction activity has slowed slightly, with 326 sales in the latest year compared to a 10-year average of 356, suggesting a moderately softer market.
Rent & Yield Trends
Average monthly rent in the ME postcode area stands at £1,248, positioning it above the national average. Rental growth has been notably strong over the past decade at 4.8% annually, significantly outpacing national growth and among the fastest in the country. The flat yield has improved markedly, rising from a 10-year average of 4.9% to 6.2% in the latest year, indicating improved returns for buy-to-let investors.
Income & Affordability Trends
Average net household income of £43,417 is above the national average, placing the area in the upper half nationally. Purchase affordability has deteriorated slightly: the price-to-income ratio has risen from 8.2x in 2016 to 8.6x today, meaning property prices have outpaced income growth. Rental affordability has also worsened, with the rent-to-income ratio increasing from 26.7% to 29.8% over the same period, reflecting faster growth in rents than household earnings.
Resident Demographic Profile
The population skews slightly older, with those aged under 16 at 20.1%—above the national average—and notably fewer young adults aged 16–24 at 8.7%, well below the national figure. Mortgage ownership is significantly higher than the national average at 38.1%, while private rental tenure is substantially lower at 10%. The employment profile shows stronger representation in technical roles at 15.1% and trades at 12.1%, alongside above-average administrative and managerial employment, reflecting a skilled working population.