At a Glance
Average Property Price - RM16
£406,304
68
National percentile
Average Monthly Rent - RM
£1,533
84
National percentile
Average Net Household Income - RM16
£34,045
25
National percentile
Flat / Maisonette Yield - RM
6.7%
97
National percentile
10-Year Annualised Price Growth - RM16
4.2%
71
National percentile
10-Year Annualised Rent Growth - RM
4.4%
80
National percentile
Property Price & Volume Trends
The latest average property price in RM16 is £406,000, placing it among the more expensive areas nationally. Over the past decade, prices have grown at 4.2% annually — a pace broadly in line with the national average. Transaction activity has eased: 423 sales were recorded in the latest full year, down from a 10-year average of 564 per year.
Rent & Yield Trends
Average monthly rent across the RM postcode area stands at £1,533, well above the national typical and among the highest seen nationally. Rents have risen 4.4% per year over ten years, slightly faster than the national trend. The flat yield has strengthened recently to 6.7%, up from its 10-year average of 5.5%, reflecting improving returns for buy-to-let investors.
Income & Affordability Trends
Average net household income is £34,045, below the national average. The price-to-income ratio of 11.8x has risen sharply since 2016 (when it stood at 7.7x), indicating that property has become significantly less affordable to local buyers on local incomes. Rental affordability has also tightened: the rent-to-income ratio has climbed from 33.7% to 35.6%, meaning tenants spend a growing share of their income on housing.
Resident Demographic Profile
RM16 has a notably higher proportion of children under 15 (21.8% versus 17.5% nationally) and a pronounced family demographic aged 35–49 (21.1% versus 18.7% nationally). Mortgage-owned housing is well above average at 38.9% compared to 27.0% nationally, reflecting the area's strong family-ownership orientation. The working population is skewed towards administrative roles (12.2% versus 9.0% nationally) and away from professional occupations (15.7% versus 20.5% nationally).