At a Glance
Average Property Price - PL8
£557,582
87
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL8
£46,432
80
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL8
4.2%
73
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
Property in PL8 is among the most expensive nationally, with an average price of £558,000. Over the past decade, prices have grown at 4.2% annually—a pace somewhat above the national average, reflecting steady demand in this coastal location. Transaction activity has slowed in recent years, with 79 sales in the latest full year compared to a 10-year average of 99, suggesting a tightening market.
Rent & Yield Trends
Rents in the broader PL postcode area average £982 per month, broadly in line with the national midpoint. Rental growth over the past decade has been steady at 3.8% annually, slightly below the national trend. The flat yield currently stands at 5.7%, a marked improvement on the 10-year average of 4.7%, indicating that rental income has become more attractive relative to property values in recent years.
Income & Affordability Trends
Average household income of £46,432 places the area above the national average. The current price-to-income ratio of 12.8x is virtually unchanged from 2016, meaning purchase affordability has remained flat relative to local earnings. Rental affordability has improved slightly, with the rent-to-income ratio falling from 27.7% in 2016 to 27.6% today.
Resident Demographic Profile
The population is notably older than average, with over 29% aged 65 and above compared to the national figure of 19.6%, and only 6.8% aged 16–24 against a national average of 11.0%. Outright home ownership is exceptionally high at 46.5%, well above the national average of 33.7%, while private renting is significantly lower at 13.2%. The employment profile is skewed towards managers and professionals, who together account for 40.9% of the workforce, significantly higher than the national combined figure of 33.9%.