At a Glance
Average Property Price - PL23
£549,028
86
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL23
£35,215
33
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL23
4.2%
73
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The average property price of £549,000 places PL23 among the most expensive nationally. Over the past decade, prices have grown at 4.2% per year—a pace broadly in line with the national trend. Transaction activity last year recorded 65 sales, notably below the 10-year average of 92, reflecting softer recent market conditions.
Rent & Yield Trends
Average monthly rents of £982 sit slightly below the national midpoint. Rental growth over the past decade has been modest at 3.8% per year, tracking just below the national rate. The flat yield of 5.7% represents a clear improvement on the 10-year average of 4.7%, indicating strengthening returns for landlords.
Income & Affordability Trends
Average household income of £35,215 falls below the national average, placing the area in the lower-middle band nationally. The price-to-income ratio of 17.6x has deteriorated markedly since 2016 (11.7x), reflecting price growth that has significantly outpaced local income growth. Rental affordability has remained essentially flat, with rent-to-income at 27.6% versus 27.7% a decade ago.
Resident Demographic Profile
PL23 has a distinctly older population profile: nearly a third of residents are aged 65 and over, well above the national average of 19.6%, while those aged 16–24 and 25–34 are significantly underrepresented at 7.5% and 7.7% respectively. Housing tenure reflects high owner-occupation, with 50.2% owning outright—far above the national 33.7%—and correspondingly lower private rental and social housing shares. The employment mix shows notably stronger representation in trades (17%) and managerial roles (15.5%), with lower professional employment (14.9%) than the national norm.