At a Glance
Average Property Price - PL16
£385,630
64
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL16
£37,380
46
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL16
5.0%
89
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The latest average property price in PL16 is £386,000, placing it around the national mid-point. Over the past decade, annual price growth has averaged 5.0%, which is notably faster than most UK areas nationally. However, transaction activity has softened: the latest full year saw 23 sales against a 10-year average of 32, suggesting a more subdued market relative to historical norms.
Rent & Yield Trends
Average monthly rent in the wider PL postcode area stands at £982, which is around the national median. Rent growth over ten years has averaged 3.8%, slightly below the national trend. The flat yield has recently reached 5.7%, up from a 10-year average of 4.7%, indicating improved rental returns for investors in the current climate.
Income & Affordability Trends
Average household income here is £37,380, slightly below the national average. The price-to-income ratio has risen to 11.3x from 8.5x in 2016, reflecting how property values have outpaced earnings growth and making purchase less affordable than it was eight years ago. Rental affordability has remained essentially stable, with rent-to-income holding at 27.6% compared to 27.7% in 2016.
Resident Demographic Profile
PL16 has a distinctly older population: over half of residents are aged 50 or above, compared to under four in ten nationally, with those 65+ representing nearly three in ten residents. The area shows strong outright home ownership at 51%, well above the national figure of 34%. The employment mix is heavily weighted toward trades (21.4%), significantly higher than the national average of 10.5%, reflecting the area's rural and craft-based economy. Conversely, professional occupations (15.4%) and younger adults are underrepresented.