At a Glance
Average Property Price - PL1
£209,859
15
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL1
£22,744
2
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL1
1.9%
8
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The average property price in PL1 is £210,000, placing it well below the national average and among the cheapest regions in the country. Over the past decade, prices have grown at 1.9% annually—a notably weak rate compared to national trends. Transaction volumes have fallen significantly, with 266 sales in the latest year against a 10-year average of 428, suggesting reduced market activity.
Rent & Yield Trends
Average monthly rent stands at £982, close to the national midpoint. Rental growth over the past decade has been steady at 3.8% per year, tracking in line with national trends. The flat yield has risen to 5.7%, up from a 10-year average of 4.7%, indicating improving returns for buy-to-let investors in this market.
Income & Affordability Trends
Average household income in PL1 is £22,744, among the lowest nationally and significantly below the UK average. Purchase affordability has deteriorated markedly: the price-to-income ratio stands at 9.0x, up from 6.6x in 2016, meaning property has become considerably less affordable relative to local earnings. Rental affordability has remained essentially flat, with rent consuming 27.6% of household income compared to 27.7% a decade ago.
Resident Demographic Profile
The age profile is distinctly skewed toward younger adults, with 27.5% aged 16–24—more than double the national average—reflecting the presence of university students. Conversely, those aged 65+ account for just 13.3%, well below the national norm. Housing tenure is heavily weighted toward renting: 33.8% live in private rented accommodation and 28.6% in social housing, together accounting for over 62% of residents—far above national levels. Ownership is correspondingly low at 18.6% outright and 17.6% with mortgage. Employment is notably concentrated in elementary roles (13.6%) and caring professions (11%), both above national averages, while professional and managerial positions are underrepresented.