At a Glance
Average Property Price - PR2
£210,760
15
National percentile
Average Monthly Rent - PR
£796
21
National percentile
Average Net Household Income - PR2
£34,774
30
National percentile
Flat / Maisonette Yield - PR
6.0%
77
National percentile
10-Year Annualised Price Growth - PR2
3.5%
45
National percentile
10-Year Annualised Rent Growth - PR
3.5%
25
National percentile
Property Price & Volume Trends
The latest average property price in PR2 is £211,000, placing it among the cheapest 15% of UK postcodes. Over the past decade, annual price growth has averaged 3.5%, a pace broadly in line with the national trend. Transaction activity has eased in recent years, with 960 sales in the latest full year compared to an average of 1,116 over the previous decade.
Rent & Yield Trends
Average monthly rent stands at £796, below the national midpoint—among the more affordable rental markets across the UK. Rent growth over ten years has averaged 3.5% annually, running slightly below the national pace. The current flat yield of 6.0% has risen notably from its ten-year average of 5.2%, reflecting stronger rental income relative to property values and marking a positive trend for buy-to-let investors.
Income & Affordability Trends
Average household income in PR2 is £34,774, modestly below the national average. The price-to-income ratio now stands at 6.1x, an increase from 5.3x in 2016, indicating that property has become less affordable relative to local earnings over the past eight years. Rental affordability has improved slightly, with rent-to-income ratios falling from 23% to 22.8%, suggesting housing costs have become marginally easier to manage.
Resident Demographic Profile
The area has a notably high proportion of young adults aged 16–24 (14.6%, above the national 11.0%) and of working-age adults in their mid-twenties to early thirties (15.1% vs 13.4% nationally). Conversely, the over-65 population is underrepresented at 15.4% against 19.6% nationally. In employment, the district has a higher than average concentration of caring roles (10.6% vs 9.2%), elementary positions (12.2% vs 10.2%), and a notably lower share of managers (9.1% vs 13.4%), pointing to a workforce skewed towards practical and service-oriented occupations.