Property trends for PO14

The average property price of £375,000 sits above the national midpoint. Ten-year growth of 3.6% per annum has been close to the national average, reflecting steady rather than exceptional appreciation. Transaction activity has eased slightly, with 454 sales in the latest year compared to a 10-year average of 504.

Average monthly rent of £1,187 is in line with national levels, sitting marginally above the midpoint. Rental growth over the past decade has been solid at 4.1% annually, slightly outpacing the national average. The flat yield of 6.2% is notably higher than the 10-year average of 5.1%, indicating improved rental returns in the current market.

Average household income of £43,000 places the area in the upper third nationally. However, affordability pressures are evident: the price-to-income ratio of 9.2x has widened from 8.0x in 2016, making property purchase considerably less affordable than a decade ago. Rental affordability has similarly deteriorated, with renters now spending 32.1% of income on rent compared to 28.9% in 2016.

The area has a notably older population profile, with over a quarter aged 65 and above — well above the national average of 19.6%. Those aged 50–64 are also overrepresented at 21.2%. Conversely, young adults aged 16–24 are significantly underrepresented at just 9%. Housing tenure reflects stability and established ownership, with 40.5% owning outright against a national average of 33.7%, whilst the private rented sector at 14.3% is well below the national norm of 21.7%. Professionally and technically skilled workers are prominently represented, whilst elementary occupations are notably scarce.