At a Glance
Average Property Price - RM17
£326,500
50
National percentile
Average Monthly Rent - RM
£1,533
84
National percentile
Average Net Household Income - RM17
£43,200
70
National percentile
Flat / Maisonette Yield - RM
6.7%
97
National percentile
10-Year Annualised Price Growth - RM17
4.7%
84
National percentile
10-Year Annualised Rent Growth - RM
4.4%
80
National percentile
Property Price & Volume Trends
The average property price in RM17 is £327,000, close to the national median. The district has experienced notably strong price growth over the past decade, with annual gains of 4.7% placing it well above the UK average. Transaction activity has declined: 284 sales were recorded in the latest full year, down from a 10-year average of 381 per annum.
Rent & Yield Trends
Average monthly rent in the broader RM postcode area stands at £1,533, placing it among the most expensive nationally for rental levels. Rents have grown at 4.4% per year over the past decade, broadly in line with stronger regional trends. The flat yield currently stands at 6.7%, a meaningful improvement on the 10-year average of 5.5%, reflecting tightening rental margins relative to capital values.
Income & Affordability Trends
Household income in RM17 averages £43,200, above the national average. The price-to-income ratio has risen to 7.1x from 6.7x in 2016, indicating that property has become less affordable relative to earnings over that period. Rental affordability has similarly worsened: the rent-to-income ratio has climbed from 33.7% to 35.6%, reflecting faster growth in housing costs than household income.
Resident Demographic Profile
The area has a notably young population, with 21.6% of residents aged under 15, well above the national average of 17.5%, and a substantially smaller elderly population at 11.5% compared to 19.6% nationally. Housing tenure is heavily weighted towards private rented (30.1%) and mortgaged ownership (33.8%), reflecting younger, mobile households; outright ownership is proportionally lower at 21.5%. The employment profile is markedly skewed towards elementary occupations, which account for 18.8% of the workforce against 10.2% nationally, alongside elevated representation in plant and machine operation (10.9%).