At a Glance
Average Property Price - RM12
£471,964
78
National percentile
Average Monthly Rent - RM
£1,533
84
National percentile
Average Net Household Income - RM12
£48,715
86
National percentile
Flat / Maisonette Yield - RM
6.7%
97
National percentile
10-Year Annualised Price Growth - RM12
4.6%
82
National percentile
10-Year Annualised Rent Growth - RM
4.4%
80
National percentile
Property Price & Volume Trends
The latest average property price in RM12 is £472,000, placing it among the most expensive districts nationally. Over the past decade, prices have grown at 4.6% annually, a pace notably above the national average. Transaction activity has eased recently, with 416 sales in the latest full year compared to an average of 483 over the preceding ten years.
Rent & Yield Trends
Average monthly rents in the RM area stand at £1,533, putting them among the highest nationally. Rents have grown at 4.4% per year over the past decade, also outpacing the national trend. Flat yields have strengthened to 6.7% in the latest year, up from a ten-year average of 5.5%, signalling improving returns for rental investors.
Income & Affordability Trends
Average net household income in RM12 is £48,715, placing it well above the national average. However, affordability pressures have mounted: the price-to-income ratio stands at 9.0x, slightly higher than in 2016 when it was 8.9x. Rental affordability has similarly deteriorated, with the rent-to-income ratio rising from 33.7% in 2016 to 35.6% today.
Resident Demographic Profile
RM12 has a notably older age profile, with 20.3% aged 65 and over compared to the national average of 19.6%, whilst younger adults aged 16–24 are underrepresented at 9.1% against the national 11.0%. Housing tenure reflects a more owner-occupied character: outright ownership stands at 39.6%, well above the national 33.7%, whilst private renting is below average at 15.8%. The employment mix is distinguished by stronger representation in technical and administrative roles—14.5% each—and trades at 11.5%, offset by notably lower elementary employment at 7.6% against the national 10.2%.