At a Glance
Average Property Price - PR5
£222,290
19
National percentile
Average Monthly Rent - PR
£796
21
National percentile
Average Net Household Income - PR5
£35,580
35
National percentile
Flat / Maisonette Yield - PR
6.0%
77
National percentile
10-Year Annualised Price Growth - PR5
3.8%
60
National percentile
10-Year Annualised Rent Growth - PR
3.5%
25
National percentile
Property Price & Volume Trends
The average property price in PR5 is £222,000, placing it among the most affordable areas nationally. Over the past decade, prices have grown by 3.8% annually — close to the national trend — suggesting steady but moderate appreciation. Transaction activity last year stood at 581 sales, slightly below the 10-year average of 656, indicating a modest slowdown in market momentum.
Rent & Yield Trends
Average monthly rent in the wider PR area is £796, which is below the national average and reflects the area's affordable positioning. Rental growth over the past decade has been 3.5% annually, slower than the national average, suggesting limited upward pressure on rents. The flat yield currently stands at 6.0%, comfortably above its 10-year average of 5.2%, signalling an improving environment for rental investors in recent times.
Income & Affordability Trends
Average household net income is £35,580, which is modestly below the national median and reflects the area's lower-cost profile. The price-to-income ratio of 5.8x has worsened since 2016 (when it was 5.1x), indicating that property prices have grown faster than incomes over this period. Rental affordability has remained broadly stable, with the rent-to-income ratio at 22.8% compared to 23% in 2016, suggesting tenants are not facing materially tighter rental costs.
Resident Demographic Profile
The age profile is notably weighted towards older residents: those aged 50–64 comprise 21.1% of the population (above the 19.8% national average), and the 65+ group represents 19.7%, both reflecting a mature demographic base. Housing tenure is distinctive, with ownership (both outright and mortgaged) accounting for 73.4% of homes, compared to just 60.7% nationally — a markedly high owner-occupancy rate. The 16–24 age group is notably under-represented at 8.9% versus the national 11.0%, suggesting limited appeal to younger adults. Employment is relatively balanced, though professionals and technical workers are somewhat below national averages at 18.7% and 13.4% respectively, whilst administrative roles are elevated at 10.7%.