At a Glance
Average Property Price - SM2
£542,377
85
National percentile
Average Monthly Rent - SM
£1,615
87
National percentile
Average Net Household Income - SM2
£55,501
96
National percentile
Flat / Maisonette Yield - SM
5.8%
64
National percentile
10-Year Annualised Price Growth - SM2
2.9%
25
National percentile
10-Year Annualised Rent Growth - SM
3.6%
39
National percentile
Property Price & Volume Trends
The latest average property price of £542,000 places SM2 among the most expensive nationally. Over the past decade, prices have grown at 2.9% per year—below the national average pace of appreciation. Transaction volume has softened recently, with 303 sales recorded in the latest full year compared to a 10-year average of 400 per year.
Rent & Yield Trends
Average monthly rents of £1,615 sit well above the national benchmark, reflecting the area's premium position. Rent growth over ten years has averaged 3.6% annually, slightly below the national pace. The current flat yield of 5.8% has risen noticeably from the 10-year average of 4.7%, suggesting improved rental returns in recent years.
Income & Affordability Trends
Average household income of £55,501 is well above the national average, ranking among the highest in the country. The price-to-income ratio of 10.2x has improved meaningfully from 12.1x in 2016, indicating that property has become more affordable relative to earnings. Rental affordability has also improved significantly over the same period, with the rent-to-income ratio falling from 34.3% to 30.4%.
Resident Demographic Profile
The age profile shows a notable skew toward families and working-age adults: those aged 35–49 represent nearly a quarter of the population, well above the national average of 18.7%, while young adults aged 16–24 are considerably underrepresented at 7.6% compared to 11.0% nationally. The housing tenure mix is distinctive, with private rental accommodation accounting for nearly 32% of households—significantly higher than the national average of 21.7%—while outright ownership is correspondingly lower at 26.1%. Employment is heavily weighted toward professional occupations, which account for 28.5% of the workforce compared to 20.5% nationally, and managers are also overrepresented at 15.4%.