At a Glance
Average Property Price - PL11
£264,523
32
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL11
£38,144
50
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL11
2.9%
26
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The average property price of £265,000 sits below the national mid-point, placing it among the cheaper areas nationally. Over the past decade, prices have grown at 2.9% annually—notably slower than the national trend. Transaction activity has slowed in recent years, with 128 sales in the latest full year compared to a 10-year average of 175, suggesting a less liquid market.
Rent & Yield Trends
Rents in the broader PL area average £982 per month, close to the national median. Rental growth over the past decade has been 3.8% annually, in line with national trends. The current flat yield of 5.7% is markedly higher than the 10-year average of 4.7%, reflecting the improved rental returns investors are now capturing.
Income & Affordability Trends
Average household income of £38,144 is around the national average. However, affordability has deteriorated materially: the price-to-income ratio has risen from 6.3x in 2016 to 8.3x today, indicating property has become significantly less affordable relative to earnings. Rental affordability has remained stable, with the rent-to-income ratio holding steady at around 28% over the same period.
Resident Demographic Profile
The population is notably older and more retired than national norms. Those aged 65+ account for 28.4% compared to 19.6% nationally, while those aged 16–24 are underrepresented at 7.7% versus 11.0%. Outright home ownership is above average at 43.9%, reflecting the older demographic. The employment mix leans toward skilled trades (13.8%) and technical roles (14.3%), with fewer professionals (16.7%) than the national average.