At a Glance
Average Property Price - SM5
£484,317
79
National percentile
Average Monthly Rent - SM
£1,615
87
National percentile
Average Net Household Income - SM5
£54,358
94
National percentile
Flat / Maisonette Yield - SM
5.8%
64
National percentile
10-Year Annualised Price Growth - SM5
3.1%
32
National percentile
10-Year Annualised Rent Growth - SM
3.6%
39
National percentile
Property Price & Volume Trends
The latest average property price in SM5 is £484,000, placing it among the most expensive nationally. The area has seen annualised price growth of 3.1% over the past decade—a below-average rate compared with the rest of the country. Transaction activity has slowed recently, with 357 sales in the latest full year against a 10-year average of 468, suggesting a more subdued market.
Rent & Yield Trends
Average monthly rent in the SM postcode area stands at £1,615, well above the national norm. Rents have grown at 3.6% annually over the past decade, a below-average pace nationally. The flat yield has strengthened to 5.8% in the latest year, up from a 10-year average of 4.7%, indicating improved returns for landlords.
Income & Affordability Trends
Average net household income of £54,358 places SM5 among the highest-earning areas nationally. The price-to-income ratio of 9.2x has improved slightly since 2016 (when it stood at 9.3x), suggesting modest affordability gains for buyers. Rental affordability has also improved significantly: the rent-to-income ratio has fallen from 34.3% in 2016 to 30.4% today, easing pressure on renters.
Resident Demographic Profile
The area skews notably towards families and middle-aged residents: those aged 35–49 represent 23.4% of the population, well above the national average of 18.7%, while under-15s account for 21.3% against a national 17.5%. Housing tenure reflects strong owner-occupation, with 37.4% owning with a mortgage—significantly above the 27.0% national average—and outright ownership slightly below at 27.6%. Professionals dominate the employment mix at 24%, considerably above the national 20.5%, whilst elementary occupations are notably underrepresented at 7.2% against the national 10.2%.