At a Glance
Average Property Price - SM1
£454,950
75
National percentile
Average Monthly Rent - SM
£1,615
87
National percentile
Average Net Household Income - SM1
£52,073
92
National percentile
Flat / Maisonette Yield - SM
5.8%
64
National percentile
10-Year Annualised Price Growth - SM1
3.6%
49
National percentile
10-Year Annualised Rent Growth - SM
3.6%
39
National percentile
Property Price & Volume Trends
The average property price in SM1 is £455,000, placing it among the most expensive nationally. Over the past decade, prices have grown at 3.6% annually—broadly in line with the national average. Transaction activity has moderated noticeably, with 428 sales recorded in the latest year compared to a 10-year average of 583 per year, reflecting a tightening in market turnover.
Rent & Yield Trends
Average monthly rent in the wider SM postcode stands at £1,615—among the highest rents nationally. Rent growth over the past decade has been 3.6% annually, somewhat slower than the national pace. Yields have strengthened considerably: the current flat yield of 5.8% is notably above the 10-year average of 4.7%, indicating improved rental returns for investors in recent years.
Income & Affordability Trends
Household incomes in SM1 are well above average, at £52,073 annually—among the highest nationally. The price-to-income ratio of 8.6x shows meaningful improvement since 2016, when it stood at 9.9x, signalling that affordability for buyers has genuinely improved. Rental affordability has also improved sharply: the rent-to-income ratio has fallen from 34.3% in 2016 to 30.4% today, easing pressure on tenants' budgets.
Resident Demographic Profile
The age profile is notably skewed towards families and mid-career professionals: those aged 35–49 account for over a quarter of the population, well above the national average of 19%, while younger adults aged 16–24 are underrepresented at 8.3% versus the national 11%. Housing tenure is distinctive for high private renting—at 31.3%, significantly above the national average of 21.7%—and correspondingly lower outright ownership at 20.1%. The employment mix reflects affluence: professionals make up 24.2% of the workforce, above the 20.5% national average, while elementary occupations are below average at 8.7%.