At a Glance
Average Property Price - PL5
£206,715
14
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL5
£35,421
34
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL5
4.3%
75
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The average property price in PL5 is £207,000, placing it among the most affordable areas nationally. Annual price growth over the past decade has averaged 4.3%, which sits above the national trend and reflects sustained demand despite the area's lower price base. Transaction volumes last year totalled 466, down from a 10-year average of 537, indicating moderately softer activity in the recent market.
Rent & Yield Trends
Average monthly rent across the broader PL postcode area stands at £982, in line with the national midpoint. Rental growth over ten years has averaged 3.8%, slightly below the national pace. The flat yield currently stands at 5.7%, a meaningful improvement on the 10-year average of 4.7%, signalling strengthening returns for buy-to-let investors in recent years.
Income & Affordability Trends
Average household income in PL5 is £35,421, well below the national average and among the lowest nationally. The price-to-income ratio of 5.6x has deteriorated slightly since 2016 (5.3x), indicating that homes have become less affordable relative to local earnings. Rental affordability has remained stable, with rent consuming 27.6% of income compared to 27.7% in 2016, keeping rental costs broadly proportionate to what residents earn.
Resident Demographic Profile
The area has a notably higher proportion of children under 15 (20% vs 17.5% nationally) and a younger-skewed overall age profile. Social rented housing is substantially overrepresented at 28.8% of all tenure, nearly double the national average of 16.5%, reflecting the area's role in meeting affordable housing needs. The workforce is distinctly skewed towards trades (14.5% vs 10.5% nationally), caring roles (13.7% vs 9.2%), and elementary occupations (13.1% vs 10.2%), with notably fewer professionals (11.8% vs 20.5%) and managers (7.2% vs 13.4%), indicating a more manual and service-oriented labour market.