At a Glance
Average Property Price - PL24
£264,828
32
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL24
£34,074
26
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL24
3.9%
63
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The average property price in PL24 stands at £265,000, below the national average. Ten-year annualised growth of 3.9% is slightly above the national median, indicating steady but modest appreciation. Transaction volume in the latest year was 133 sales, slightly below the 10-year average of 146, suggesting a relatively stable market.
Rent & Yield Trends
Average monthly rent of £982 sits close to the national middle ground. Rent growth over the past decade has been steady at 3.8% annually, in line with national trends. The flat yield has improved meaningfully, rising from a 10-year average of 4.7% to 5.7% currently, reflecting a favourable shift for landlords.
Income & Affordability Trends
Average household income of £34,074 is notably below the national average, placing the area among the lower-income regions. The price-to-income ratio has risen to 8.5x from 6.4x in 2016, indicating a significant erosion in purchase affordability over the past eight years. Rental affordability has remained essentially stable at around 28% of income, with little change since 2016.
Resident Demographic Profile
The population is notably older than average, with over a quarter aged 65 and above compared to less than a fifth nationally, and only 8.5% aged 16–24 against 11% nationally. Outright home ownership is strong at 43%, well above the national 34%, reflecting an ageing demographic. The workforce is skewed towards trades (16% versus 11% nationally), caring roles (13% versus 9%), and elementary occupations (12%), with fewer professionals and managers than average.