At a Glance
Average Property Price - PO15
£359,151
58
National percentile
Average Monthly Rent - PO
£1,187
62
National percentile
Average Net Household Income - PO15
£44,414
74
National percentile
Flat / Maisonette Yield - PO
6.2%
83
National percentile
10-Year Annualised Price Growth - PO15
2.9%
25
National percentile
10-Year Annualised Rent Growth - PO
4.1%
58
National percentile
Property Price & Volume Trends
The latest average property price in PO15 is £359,000, placing it slightly above the midpoint nationally. Over the past decade, prices have grown at 2.9% per year, which is notably slower than the national average. Transaction activity in the latest year was 332 sales, down from a 10-year average of 423 annually, suggesting a moderately softer market.
Rent & Yield Trends
Average monthly rent in the broader PO area stands at £1,187, above the national median. Rental growth over ten years has been 4.1% per year, broadly in line with national trends. Flat yields have improved to 6.2% from a 10-year average of 5.1%, reflecting a more attractive rental return for investors.
Income & Affordability Trends
Average net household income is £44,414, placing the area among the better-off regions nationally. The price-to-income ratio has risen to 8.5x from 7.4x in 2016, indicating properties have become less affordable relative to earnings over that period. Rental affordability has also tightened: the rent-to-income ratio has increased from 28.9% to 32.1%, meaning renters now spend a notably larger share of income on housing.
Resident Demographic Profile
The population skews older than average, with 20.8% aged 65 and over compared to the national 19.6%, and notably fewer young adults aged 16–24 (8.6% versus 11.0% nationally). Home ownership is strong: 36.1% own outright and 35.2% have mortgages, well above national norms, while private renting is correspondingly lower at 15%. The workforce has above-average representation in technical roles (15.9%) and administrative work (10.3%), with fewer in elementary positions (7.6%).