At a Glance
Average Property Price - ME9
£390,081
65
National percentile
Average Monthly Rent - ME
£1,248
66
National percentile
Average Net Household Income - ME9
£42,454
68
National percentile
Flat / Maisonette Yield - ME
6.2%
84
National percentile
10-Year Annualised Price Growth - ME9
3.8%
58
National percentile
10-Year Annualised Rent Growth - ME
4.8%
89
National percentile
Property Price & Volume Trends
The latest average property price in ME9 is £390,000, placing it in the upper half of the national market. Over the past decade, prices have grown at 3.8% annually, a pace slightly above the national median. Transaction activity last year stood at 279 sales, below the ten-year average of 331, suggesting a moderating market.
Rent & Yield Trends
Average monthly rents in the broader ME area stand at £1,248, positioning the area among the more expensive rental markets nationally. Rents have grown at 4.8% per year over the past decade—a notably strong rate, outpacing most of the country. The flat yield has risen to 6.2%, a clear improvement on the ten-year average of 4.9%, reflecting the strengthening rental environment.
Income & Affordability Trends
Household incomes average £42,454, placing the area above the national median. However, affordability has tightened: the price-to-income ratio has risen from 7.9x in 2016 to 9.4x today, signalling that property prices have outpaced wage growth. Rental affordability has similarly weakened, with rents consuming 29.8% of household income compared to 26.7% in 2016.
Resident Demographic Profile
The population skews slightly older than national norms, with notably higher representation in the 50–64 age bracket. Housing tenure differs markedly: owned-with-mortgage properties are substantially more common at 35.4% (against a national 27.0%), while private rental and social rented accommodation are both underrepresented. The employment profile shows strength in trades and technical roles (12.1% and 13.5% respectively), suggesting a practical, working-age oriented community.