At a Glance
Average Property Price - PL18
£306,744
44
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL18
£36,909
43
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL18
3.5%
47
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The average property price in PL18 is £307,000, close to the national median. Over the past decade, the area has seen annualised price growth of 3.5%, broadly in line with the national average. Transaction activity has softened in the latest year, with 86 sales recorded against a 10-year average of 103 per year.
Rent & Yield Trends
Average monthly rent across the broader PL postcode area is £982, slightly below the national midpoint. Rental growth over ten years has averaged 3.8% annually, marginally slower than the national pace. The flat yield currently stands at 5.7%, up from its 10-year average of 4.7%, indicating improved rental returns in recent months.
Income & Affordability Trends
Household income in the area averages £36,909, broadly in line with national levels. Purchase affordability has tightened: the price-to-income ratio has risen from 6.7x in 2016 to 8.5x today, a material deterioration. Rental affordability has remained stable, with rent-to-income ratios holding steady at around 28%.
Resident Demographic Profile
The population is distinctly older, with over 30% aged 65 and above—well above the national average of 20%—and only 7% aged 16–24, markedly below the national figure of 11%. Housing tenure reflects a property-owning profile: 51% own outright, significantly higher than the national 34%, while private rental and social housing are both notably underrepresented. The employment mix is skewed towards trades (16.3%) and a lower share of professionals (17.8%), reflecting a working-age population concentrated in skilled manual and practical occupations.