At a Glance
Average Property Price - PE12
£258,541
30
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE12
£32,112
15
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE12
4.4%
77
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE12 is £259,000, placing it below the national average and among the more affordable districts nationally. Over the past decade, prices have grown at 4.4% per year—a pace notably faster than the UK average, reflecting steady underlying demand. Transaction activity has slowed recently, with 613 sales in the latest full year compared to a 10-year average of 758 annually, suggesting a modest softening in market momentum.
Rent & Yield Trends
Average monthly rents in the PE postcode area stand at £912, modestly below the national average. Rental growth over ten years has averaged 4.2% annually, outpacing the national pace and indicating resilient tenant demand. The rental yield has improved considerably, now standing at 6.1% compared to a 10-year average of 5.0%, making rental investment increasingly attractive in this area.
Income & Affordability Trends
Average household income in PE12 is £32,112, well below the national average and among the lowest nationally. The price-to-income ratio of 8.3x has deteriorated since 2016 (when it was 6.9x), reflecting price growth outpacing wage rises and making purchase affordability tighter. Rental affordability has also worsened, with rent-to-income now at 24.7% compared to 22.5% in 2016, indicating higher rental cost burden relative to earnings.
Resident Demographic Profile
PE12 has a notably older demographic profile: over a quarter of the population is aged 65 or older (more than a third above the national average), while the working-age population aged 16–24 is significantly underrepresented at 8.1%. The area has a marked preference for outright ownership, with 44.6% owning homes without a mortgage—well above the national 33.7%—reflecting its retiree-friendly character. The employment mix is heavily weighted towards manual and machine-operative roles (trades account for 14.2%, plant and machine for 13.4%), while professional employment is notably sparse at just 10.9%.