At a Glance
Average Property Price - SM7
£653,048
92
National percentile
Average Monthly Rent - SM
£1,615
87
National percentile
Average Net Household Income - SM7
£50,913
90
National percentile
Flat / Maisonette Yield - SM
5.8%
64
National percentile
10-Year Annualised Price Growth - SM7
2.8%
24
National percentile
10-Year Annualised Rent Growth - SM
3.6%
39
National percentile
Property Price & Volume Trends
At £653,000, SM7 sits among the most expensive postcodes nationally. However, its 10-year annualised growth of 2.8% has been notably slower than the national trend, placing it well below average for long-term appreciation. Transaction volume has softened, with 210 sales in the latest year against a 10-year average of 271, suggesting a moderately less active market.
Rent & Yield Trends
Average monthly rents of £1,615 sit well above the national average. Rental growth has been steady at 3.6% per year over the past decade, though this is below the national pace. Yields have improved meaningfully: the current flat yield of 5.8% is notably ahead of the 10-year average of 4.7%, reflecting a strengthening rental backdrop.
Income & Affordability Trends
Household incomes average £50,913, placing the area among the most affluent nationally. Purchase affordability has tightened: the price-to-income ratio now stands at 13.4x, up from 11.7x in 2016, making homes less affordable relative to earnings. Rental affordability has improved, however, with the rent-to-income ratio falling from 34.3% in 2016 to 30.4% today.
Resident Demographic Profile
The age profile skews towards older residents, with 22.6% aged 65 and over compared to the national average of 19.6%, whilst those aged 16–24 are markedly underrepresented at 8.5%. Housing tenure reflects substantial wealth, with 43.9% owning outright and 37.3% owning with a mortgage—both well above national norms—leaving just 11.3% in private rented accommodation. The workforce is heavily weighted towards professional (23.5%) and managerial (19.2%) roles, with notably fewer in elementary occupations (6%) than the national average of 10.2%.