At a Glance
Average Property Price - PO3
£274,365
35
National percentile
Average Monthly Rent - PO
£1,187
62
National percentile
Average Net Household Income - PO3
£36,590
41
National percentile
Flat / Maisonette Yield - PO
6.2%
83
National percentile
10-Year Annualised Price Growth - PO3
3.5%
45
National percentile
10-Year Annualised Rent Growth - PO
4.1%
58
National percentile
Property Price & Volume Trends
The average property price in PO3 is £274,000, placing it below the national average. Ten-year annualised growth of 3.5% has been moderate, slightly below the national pace. Transaction activity totalled 254 sales in the latest full year, down from a ten-year average of 317, suggesting a softer market.
Rent & Yield Trends
Average monthly rent of £1,187 sits above the national mid-point. Rental growth over the past decade has averaged 4.1% annually, in line with national trends. The flat yield has strengthened to 6.2%, up from a ten-year average of 5.1%, indicating an improving rental return environment.
Income & Affordability Trends
Average household income of £36,590 falls slightly below the national average. The price-to-income ratio stands at 7.5x, having worsened from 6.0x in 2016, reflecting tighter purchase affordability. Rental affordability has similarly pressured, with rent-to-income rising from 28.9% to 32.1% over the same period.
Resident Demographic Profile
The population skews slightly older, with those aged 50–64 at 21.4% against a national average of 19.8%, whilst younger adults aged 16–24 are underrepresented at 9.6% compared to 11.0%. Housing tenure is notably balanced, with owner-occupation (including mortgaged and outright) at 71.6% and private rental at 18.7%, both broadly healthy. Employment is notably weighted towards trades at 13.6% and administrative roles at 10.8%, with caring professions also above average at 10.6%.