At a Glance
Average Property Price - RM5
£441,866
73
National percentile
Average Monthly Rent - RM
£1,533
84
National percentile
Average Net Household Income - RM5
£47,974
84
National percentile
Flat / Maisonette Yield - RM
6.7%
97
National percentile
10-Year Annualised Price Growth - RM5
4.3%
75
National percentile
10-Year Annualised Rent Growth - RM
4.4%
80
National percentile
Property Price & Volume Trends
The current average property price of £442,000 places RM5 among the more expensive postcode districts nationally. Over the past decade, prices have grown at 4.3% annually, slightly above the national average rate. Transaction activity last year reached 182 sales, a decrease from the 10-year average of 234, indicating a recent slowdown in market momentum.
Rent & Yield Trends
Average monthly rents of £1,533 are significantly above the national typical, reflecting strong rental demand in the area. Rental growth over ten years has averaged 4.4% per annum, outpacing the national trend. The flat yield currently stands at 6.7%, up from the 10-year average of 5.5%, suggesting improved returns for landlords in recent activity.
Income & Affordability Trends
Household incomes average £47,974, placing the area among the higher-earning postcode districts nationally. The current price-to-income ratio of 8.9x has improved since 2016 (when it stood at 9.3x), indicating modest progress in purchase affordability. Rental affordability has weakened, however: the rent-to-income ratio has risen to 35.6% from 33.7% in 2016, suggesting rental costs now consume a larger share of household earnings.
Resident Demographic Profile
RM5 has a notably large proportion of children, with 21.4% aged under 15 compared to 17.5% nationally, reflecting its appeal to young families. The area shows a strong mortgage-holder profile, with 36% owning with mortgage against the national average of 27%, while private rental tenure at 15.2% is markedly below the national 21.7%. Employment is skewed toward trades and technical roles, which together account for 26.1% of the workforce versus 23.4% nationally, alongside higher-than-average administrative employment at 12.5%.