At a Glance
Average Property Price - MK3
£328,454
51
National percentile
Average Monthly Rent - MK
£1,276
68
National percentile
Average Net Household Income - MK3
£40,535
60
National percentile
Flat / Maisonette Yield - MK
6.6%
93
National percentile
10-Year Annualised Price Growth - MK3
2.9%
25
National percentile
10-Year Annualised Rent Growth - MK
4.3%
74
National percentile
Property Price & Volume Trends
The current average property price of £328,000 sits right around the national median, reflecting neither premium nor discount positioning. However, 10-year price growth of 2.9% annually has significantly lagged the national average, placing it among the slower-growing postcodes nationally. Transaction activity has softened, with 310 sales in the latest full year compared to a 10-year average of 441 per year.
Rent & Yield Trends
Average monthly rent of £1,276 is above the national norm, placing the area among the pricier rental markets. Rent growth of 4.3% annually over the past decade has also outpaced the national average, indicating sustained tenant demand. The flat yield of 6.6% has risen meaningfully from its 10-year average of 5.5%, suggesting improved investor returns and a tightening rental market relative to capital values.
Income & Affordability Trends
Average household income of £40,535 sits modestly above the national median. However, affordability for buyers has deteriorated: the price-to-income ratio has widened from 7.6x in 2016 to 8.1x today, making purchase less accessible relative to local earnings. Rental affordability has also worsened, with the rent-to-income ratio rising from 27% to 33.8% over the same period, reflecting faster rent growth than wage growth.
Resident Demographic Profile
The population skews slightly younger than national norms, with 21.4% under 15 (versus 17.5% nationally) and 9.4% aged 16–24 (versus 11.0%). The tenure profile shows higher rates of social rented housing at 21.3% and shared ownership at 2.9%, compared to national averages of 16.5% and 1.0% respectively. Employment is weighted more heavily towards elementary occupations (13.7% versus 10.2% nationally) and administrative roles (10.2% versus 9.0%), with proportionally fewer professionals than the national average.