At a Glance
Average Property Price - PL7
£274,338
35
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL7
£41,037
62
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL7
3.5%
47
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The average property price in PL7 is £274,000, placing it below the national average. Over the past decade, prices have grown at 3.5% annually, roughly in line with national trends. Transaction activity has softened slightly, with 454 sales in the latest full year compared to a 10-year average of 511 per year.
Rent & Yield Trends
Average monthly rent in the broader PL area stands at £982, close to the national midpoint. Rental growth has been steady at 3.8% annually over ten years, broadly matching national patterns. The flat yield has risen to 5.7%, up from a 10-year average of 4.7%, reflecting improved investor returns in recent years.
Income & Affordability Trends
Average household income in PL7 is £41,037, above the national median. The price-to-income ratio has risen to 6.3x from 6.0x in 2016, indicating that property affordability has deteriorated for buyers over this period. Rental affordability for renters has remained essentially flat, with the rent-to-income ratio stable at around 28%.
Resident Demographic Profile
The population skews notably older: over a quarter are aged 65 or over, compared to just under a fifth nationally, whilst the 16–24 age group is underrepresented at 8.4%. Housing tenure shows a strong bias towards outright ownership at 42%, well above the national average of 34%, and correspondingly lower private renting at 14%. The employment profile is marked by a higher proportion in technical roles (14.2%) and trades (13.5%), with fewer in elementary occupations (7.9%).