At a Glance
Average Property Price - RM13
£414,366
70
National percentile
Average Monthly Rent - RM
£1,533
84
National percentile
Average Net Household Income - RM13
£47,421
82
National percentile
Flat / Maisonette Yield - RM
6.7%
97
National percentile
10-Year Annualised Price Growth - RM13
4.6%
83
National percentile
10-Year Annualised Rent Growth - RM
4.4%
80
National percentile
Property Price & Volume Trends
The latest average price of £414,000 places RM13 among the most expensive areas nationally. Over the past decade, prices have grown at 4.6% annually—significantly faster than the UK average, ranking among the strongest performers nationally. Transaction activity has slowed markedly: 297 sales in the latest year compared with a 10-year average of 428, suggesting a tightening market.
Rent & Yield Trends
Average monthly rent of £1,533 is well above the national norm, placing the area in the upper tier for rental costs. Rent growth over ten years has averaged 4.4% annually, outpacing the UK trend. The flat yield currently stands at 6.7%, a meaningful improvement on the 10-year average of 5.5%, reflecting strong recent rental momentum relative to capital values.
Income & Affordability Trends
Household incomes average £47,421, placing the area well above the national average. Purchase affordability has improved slightly: the price-to-income ratio has eased from 8.8x in 2016 to 8.4x today, though this remains stretched. Rental affordability has deteriorated: the rent-to-income ratio has risen from 33.7% to 35.6%, indicating rents are consuming a larger share of household income.
Resident Demographic Profile
The population is notably younger than the national average, with 21.5% under 15 (versus 17.5% nationally) and correspondingly fewer residents aged 65 and over at 15.1%. Housing tenure shows a pronounced shift toward mortgaged ownership at 34.4%—well above the national 27.0%—whilst private rental tenure is suppressed at 16%. The employment mix is characterised by strength in administrative roles at 13.1% (against 9.0% nationally) and trades at 12.4%, with notably fewer professionals at 15.9% than the national 20.5%.