At a Glance
Average Property Price - PE1
£219,199
17
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE1
£36,512
41
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE1
4.9%
87
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price of £219,199 is well below the national average, placing it among the cheaper districts nationally. Over the past decade, however, prices have grown at 4.9% annually—a rate that outpaces the vast majority of UK markets and reflects sustained underlying demand. Transaction volumes have slowed noticeably in the latest year, with 313 sales against a 10-year average of 476, suggesting a tightening of activity.
Rent & Yield Trends
Rents in the broader PE area average £912 per month, below the national median and reflecting the district's affordable positioning. Rental growth over 10 years has been solid at 4.2% annually, slightly above the typical rate across the country. Flat yield currently stands at 6.1%, a meaningful rise from its 10-year average of 5.0%, indicating improving returns for buy-to-let investors as rents have outpaced capital growth.
Income & Affordability Trends
Average household income of £36,512 sits slightly below the national midpoint. The price-to-income ratio has held steady at 5.4x since 2016, suggesting affordability has neither improved nor deteriorated for purchasers. Rental affordability, however, has tightened: the rent-to-income ratio has risen from 22.5% in 2016 to 24.7% today, reflecting the steady upward pressure on rents relative to earnings.
Resident Demographic Profile
The area skews notably younger, with 22.1% of residents under 15—well above the national average of 17.5%—and a smaller elderly population at 13.3% versus 19.6% nationally. Housing tenure is marked by a very high private rental share at 33%, nearly 50% above the national figure, whilst outright ownership at 24.9% is considerably lower. Employment is dominated by elementary and plant/machine roles, which together account for over 37% of the workforce—far above the national combined share of under 17%—reflecting the area's industrial and service-sector base.