At a Glance
Average Property Price - PL3
£273,392
35
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL3
£40,984
62
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL3
3.3%
37
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The average property price in PL3 is £273,000, placing it below the national average and among the cheaper districts nationally. Over the past decade, prices have grown at 3.3% annually—a pace slightly below the national trend. Transaction activity has eased compared with its historical average, with 448 sales in the latest year against a 10-year average of 504 per annum.
Rent & Yield Trends
Average monthly rent stands at £982, close to the national midpoint and broadly in line with typical UK rental levels. Rental growth over ten years has averaged 3.8% annually, marginally slower than the national pace. The flat yield currently sits at 5.7%, a meaningful improvement on the 10-year average of 4.7%, reflecting stronger investor returns in recent years.
Income & Affordability Trends
Average household income in PL3 is £40,984, notably above the national median and among the stronger across UK districts. The price-to-income ratio has drifted upward to 6.6x from 6.2x in 2016, making property purchase slightly less affordable than seven years ago. Rental affordability has remained virtually flat, with rent-to-income at 27.6% compared to 27.7% in 2016, indicating stable rental pressure relative to earnings.
Resident Demographic Profile
The population skews notably older, with those aged 50–64 and 65+ together accounting for over 40%, well above the national average. Mortgage ownership is elevated at 35.5%, compared with 27.0% nationally, suggesting a concentration of active borrowers. The professional workforce is slightly above average at 21.5%, while elementary occupations are underrepresented at 8.6%, indicating a relatively skilled employment base.