At a Glance
Average Property Price - PO2
£245,963
26
National percentile
Average Monthly Rent - PO
£1,187
62
National percentile
Average Net Household Income - PO2
£34,287
27
National percentile
Flat / Maisonette Yield - PO
6.2%
83
National percentile
10-Year Annualised Price Growth - PO2
4.0%
65
National percentile
10-Year Annualised Rent Growth - PO
4.1%
58
National percentile
Property Price & Volume Trends
The average property price in PO2 stands at £246,000, placing it well below the national average. Over the past decade, prices have grown at 4.0% annually—a moderate pace that sits slightly above the national median. Transaction activity has moderated, with 441 sales in the latest year compared to an average of 549 over the previous ten years, reflecting a period of relative softness in turnover.
Rent & Yield Trends
Average monthly rent in the broader PO area is £1,187, positioning it slightly above the national median. Rental growth over ten years has averaged 4.1% per annum, marginally above the national trend. The flat yield has strengthened considerably, standing at 6.2% in the latest period compared to a ten-year average of 5.1%, indicating increasingly attractive returns for buy-to-let investors.
Income & Affordability Trends
Average net household income of £34,287 sits below the national average. The price-to-income ratio has deteriorated since 2016, rising from 5.6x to 6.9x, signalling that property has become less affordable relative to local earnings. Rental affordability has also worsened over the same period, with the rent-to-income ratio increasing from 28.9% to 32.1%, indicating a growing cost burden for renters.
Resident Demographic Profile
The area has a notably higher proportion of younger children, with 21.1% aged under 15 compared to the national average of 17.5%. Conversely, the over-65 population at 13.5% is considerably below the national average of 19.6%. Housing tenure shows a markedly higher private rented share of 27.1% against the national norm of 21.7%, alongside lower outright ownership at 23.6% versus 33.7% nationally. The employment profile is weighted towards trades (12.9%), caring roles (12.1%) and elementary occupations (13.3%), all above their respective national shares, whilst professional and managerial roles are underrepresented.