At a Glance
Average Property Price - PO5
£286,829
38
National percentile
Average Monthly Rent - PO
£1,187
62
National percentile
Average Net Household Income - PO5
£34,694
30
National percentile
Flat / Maisonette Yield - PO
6.2%
83
National percentile
10-Year Annualised Price Growth - PO5
3.5%
47
National percentile
10-Year Annualised Rent Growth - PO
4.1%
58
National percentile
Property Price & Volume Trends
The latest average property price is £287,000, placing it below the national average. Over the past decade, the area has seen annual price growth of 3.5%, which is broadly in line with the national trend. Transaction activity has cooled in recent years: 282 sales were recorded in the latest full year, down from a 10-year average of 379 per year.
Rent & Yield Trends
Average monthly rent stands at £1,187, reflecting above-average rental costs nationally. Rents have grown at 4.1% annually over the past decade, slightly ahead of the national pace. The flat yield currently sits at 6.2%, a marked improvement on the 10-year average of 5.1%, indicating strengthening returns for buy-to-let investors in the area.
Income & Affordability Trends
Household income here is notably below the national average at £34,694. This squeeze has pushed affordability under pressure: the price-to-income ratio has risen from 6.4x in 2016 to 7.8x today, making property ownership harder to reach. Rental affordability has also tightened, with the rent-to-income ratio climbing from 28.9% to 32.1% over the same period.
Resident Demographic Profile
The area has a markedly youthful profile, with 23.6% of residents aged 16–24, well above the national average of 11.0%. Housing tenure is heavily skewed toward the rental market: 42.7% live in private rented accommodation, more than double the national figure of 21.7%, whilst owner-occupation (both outright and mortgaged) is well below average at just 35.4%. The professional workforce is slightly elevated at 22.9%, but trades are underrepresented at 8.1% compared to the national norm of 10.5%.