At a Glance
Average Property Price - PL2
£208,494
14
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL2
£37,707
47
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL2
3.1%
32
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The latest average property price in PL2 is £208,000, placing it among the most affordable nationally. Over the past decade, prices have grown at 3.1% annually—below the pace seen across the UK. Annual transaction volumes have declined: 396 sales in the latest full year compared to a 10-year average of 511, reflecting softer recent activity.
Rent & Yield Trends
Average monthly rent in the broader PL postcode is £982, close to the national midpoint. Rents have grown at 3.8% per year over the past decade, slightly below the national trend. The flat yield currently stands at 5.7%, notably higher than its 10-year average of 4.7%, indicating improving returns for landlords in recent conditions.
Income & Affordability Trends
Average net household income is £37,707, slightly below the national average. The price-to-income ratio of 5.2x has improved since 2016 (when it stood at 5.5x), suggesting purchases have become somewhat more affordable in real terms. Rental affordability has remained essentially flat, with the rent-to-income ratio holding steady at 27.6% compared to 27.7% in 2016.
Resident Demographic Profile
PL2 has a slightly higher proportion of under-15s (19.4% vs 17.5% nationally) and a notably higher share of 35–49 year-olds (20% vs 18.7%), suggesting a family-oriented population. Mortgage ownership is above average at 31.7% compared to 27.0% nationally, while outright ownership is lower at 27.2%. The employment mix leans more towards trades (13.6% vs 10.5% nationally) and caring professions (11.7% vs 9.2%), reflecting the area's mix of maritime, service, and healthcare work.