At a Glance
Average Property Price - PL4
£194,932
11
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL4
£33,953
25
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL4
2.6%
17
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The latest average property price in PL4 is £195,000, placing it among the cheapest nationally. Over the past decade, prices have grown at 2.6% annually—below the national pace. Transaction activity has softened compared with its 10-year norm, with 372 sales recorded in the latest full year against an average of 474.
Rent & Yield Trends
Average monthly rent stands at £982, broadly in line with the national median. Rental growth has been steady at 3.8% annually over the past decade, slightly below the national trend. The flat yield currently sits at 5.7%, a meaningful improvement on the 10-year average of 4.7%, reflecting strong investor interest in the area.
Income & Affordability Trends
Average household income is £34,000, substantially below the national average. Purchase affordability has tightened slightly: the price-to-income ratio now stands at 5.6x, up from 5.4x in 2016. Rental affordability has improved marginally, with rent consuming 27.6% of household income compared with 27.7% seven years ago.
Resident Demographic Profile
The age profile is heavily skewed toward young adults: those aged 16–24 represent 28% of the population, well above the national average of 11%, while those aged 65+ comprise just 12%, significantly below the national figure of 20%. Housing tenure is dominated by private renting, which accounts for 44% of households—double the national share—while outright ownership (19%) and mortgaged ownership (20%) are both considerably lower than national norms. The employment base is marked by above-average elementary roles (13.5% against 10.2% nationally) and sales work (11.4% against 7.3%), with notably fewer managers (7.7% against 13.4%) than the national profile.