At a Glance
Average Property Price - PL29
£563,781
87
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL29
£35,678
36
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL29
4.6%
83
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
Property in PL29 is among the most expensive nationally, with an average price of £564,000. Over the past decade, prices have grown at 4.6% per year—an above-average pace. Transaction activity has been subdued recently, with only 16 sales in the latest year against a 10-year average of 25 per year.
Rent & Yield Trends
Rents in the broader PL postcode area sit close to the national average at £982 per month, and 10-year rent growth of 3.8% has been in line with national trends. Yields have strengthened noticeably, rising to 5.7% in the latest year from a 10-year average of 4.7%, reflecting a favourable shift for buy-to-let investors.
Income & Affordability Trends
Average household income of £36,000 sits below the national middle ground. The price-to-income ratio of 15.8x has deteriorated significantly since 2016 (when it stood at 11.8x), making property less affordable to local buyers. Rental affordability has remained broadly stable, with rent currently consuming 27.6% of household income—virtually unchanged from 27.7% in 2016.
Resident Demographic Profile
The population is notably older, with 30.2% aged 65 and over against a national average of 19.6%, and just 7.5% aged 16–24 compared to 11.0% nationally. Housing is dominated by outright ownership at 45.5%—well above the national 33.7%—reflecting the older demographic. The employment base is heavily skewed towards trades (20.5%) and managers (19.3%), significantly above national averages, while professional roles at 13.8% are below the national 20.5%.