At a Glance
Average Property Price - RM4
£658,460
92
National percentile
Average Monthly Rent - RM
£1,533
84
National percentile
Average Net Household Income - RM4
£47,839
83
National percentile
Flat / Maisonette Yield - RM
6.7%
97
National percentile
10-Year Annualised Price Growth - RM4
2.6%
19
National percentile
10-Year Annualised Rent Growth - RM
4.4%
80
National percentile
Property Price & Volume Trends
The latest average property price in RM4 is £658,000, placing it among the most expensive neighbourhoods nationally. Over the past decade, prices have grown at 2.6% per annum—well below the national average growth rate, reflecting a slower appreciation trajectory than most areas. Transaction activity in the latest year was 53 sales, slightly below the 10-year average of 56 transactions annually.
Rent & Yield Trends
Average monthly rents in the broader RM postcode area stand at £1,533, placing them well above the national average. Rents have grown at 4.4% per annum over the past decade, significantly outpacing national growth trends. The current flat yield of 6.7% is notably above the 10-year average of 5.5%, indicating improving returns for landlords in recent years.
Income & Affordability Trends
Household income in RM4 averages £47,839, positioning the area well above the national median. The price-to-income ratio of 13.0x represents a modest improvement from 13.7x in 2016, indicating that purchasing power has strengthened slightly over that period. However, rental affordability has declined: the rent-to-income ratio has risen from 33.7% to 35.6%, suggesting that renters face greater pressure on household budgets today than seven years ago.
Resident Demographic Profile
The population skews notably older than the national average, with 20.1% aged 65+ compared to the national figure of 19.6%, and a notably underrepresented 16–24 age group at 9.8% versus 11.0% nationally. Housing tenure reflects strong owner-occupancy: 37.3% own outright and 33.3% own with a mortgage, well above the national figures of 33.7% and 27.0% respectively, whilst private rental tenure at 14.7% is substantially lower than the 21.7% national average. Employment is concentrated in management and professional roles—18.5% managers and 18.6% professionals, both elevated compared to national averages—whilst elementary occupations at 7.1% are notably underrepresented against the 10.2% national figure.