At a Glance
Average Property Price - RM1
£442,446
73
National percentile
Average Monthly Rent - RM
£1,533
84
National percentile
Average Net Household Income - RM1
£47,792
83
National percentile
Flat / Maisonette Yield - RM
6.7%
97
National percentile
10-Year Annualised Price Growth - RM1
4.2%
72
National percentile
10-Year Annualised Rent Growth - RM
4.4%
80
National percentile
Property Price & Volume Trends
The latest average property price in RM1 is £442,000, placing it among the most expensive nationally. Over the past decade, prices have grown at 4.2% per annum—broadly in line with the national pace. Transaction volumes have eased notably in the latest year, with 250 sales recorded against a 10-year average of 351 per year.
Rent & Yield Trends
Average monthly rent in the broader RM postcode is £1,533, ranking among the highest nationally. Rents have climbed at 4.4% annually over the past decade, outpacing national growth. The current flat yield stands at 6.7%, a meaningful increase from its 10-year average of 5.5%, reflecting the recent shift in the rental-to-price dynamic.
Income & Affordability Trends
Household incomes in the area are well above the national average at £47,792. The price-to-income ratio has edged up slightly to 8.7x from 8.5x in 2016, indicating that affordability for purchasers has tightened modestly. Rental affordability has also weakened, with rent-to-income ratios rising from 33.7% to 35.6% over the same period.
Resident Demographic Profile
The area skews slightly younger than the national average, with a notably higher proportion of 25–34 year-olds (18.1% versus 13.4% nationally) and a noticeably lower share of older residents aged 65+ (14.3% versus 19.6%). Housing tenure is considerably more diverse than the national picture: private renting is substantially higher at 28.8% compared to 21.7% nationally, whilst outright ownership is lower at 25% against 33.7%. Shared ownership is also more common here at 2.3%. The employment profile is broadly similar to the national average, though administrative roles feature slightly more prominently at 11.9%.