At a Glance
Average Property Price - RM2
£554,481
86
National percentile
Average Monthly Rent - RM
£1,533
84
National percentile
Average Net Household Income - RM2
£52,919
93
National percentile
Flat / Maisonette Yield - RM
6.7%
97
National percentile
10-Year Annualised Price Growth - RM2
3.4%
41
National percentile
10-Year Annualised Rent Growth - RM
4.4%
80
National percentile
Property Price & Volume Trends
At £554,481, RM2 sits among the most expensive postcodes nationally. However, annual price growth of 3.4% over the past decade has been below the national average, suggesting steady but unspectacular appreciation. Transaction volumes have declined modestly, with 193 sales in the latest year compared to a 10-year average of 212, indicating a slight softening in activity.
Rent & Yield Trends
Average monthly rent of £1,533 places the broader RM area among the highest-rent neighbourhoods nationally. Rental growth of 4.4% per year over ten years has been notably strong, outpacing most areas. The flat yield of 6.7% is now materially above its 10-year average of 5.5%, reflecting the strengthening rental market relative to capital values.
Income & Affordability Trends
Household income in RM2 is among the highest in the country, at £52,919. The price-to-income ratio of 9.7x has improved from 10.0x in 2016, indicating that property has become marginally more affordable relative to earnings. However, rental affordability has tightened: the rent-to-income ratio has risen to 35.6% from 33.7% in 2016, suggesting renters are spending a larger share of their income on housing.
Resident Demographic Profile
The area has a notably higher proportion of children under 15 (19.1% versus 17.5% nationally) and middle-aged residents, reflecting its family-oriented character. Young adults aged 16–24 are under-represented at 8.9%. Housing tenure is marked by very strong owner-occupation: 70.5% of homes are owned (either outright or with mortgage), well above the national figure of 60.7%, whilst social rental is significantly lower at 9.9% compared to the 16.5% national average. Professionally qualified workers form a larger-than-average share at 22.7%, and technical and administrative roles are also over-represented, indicating a skilled workforce.