Property trends for PE13

    PE13 covers parts of south-west Norfolk and the Fenland area, lying between King's Lynn and Wisbech. It is a predominantly rural and agricultural region with a working-class character and strong manufacturing and farming heritage.

    At a Glance

    Average Property Price - PE13

    £230,639

    21

    National percentile

    Average Monthly Rent - PE

    £912

    35

    National percentile

    Average Net Household Income - PE13

    £34,045

    25

    National percentile

    Flat / Maisonette Yield - PE

    6.1%

    77

    National percentile

    10-Year Annualised Price Growth - PE13

    3.6%

    50

    National percentile

    10-Year Annualised Rent Growth - PE

    4.2%

    68

    National percentile

    Property Price & Volume Trends

    The current average property price of £231,000 sits well below the national average, placing it among the cheaper quarters of the UK market. Over the past decade, prices have grown at 3.6% annually, which is in line with the national pace. Transaction volumes have softened recently, with 398 sales in the latest year compared to a 10-year average of 560 per year.

    Rent & Yield Trends

    Average monthly rent of £912 is below the national midpoint. Rental growth over the past decade has been robust at 4.2% per year, outpacing the national average. The flat yield has risen to 6.1% from its 10-year average of 5.0%, reflecting strengthening rental demand relative to property values.

    Income & Affordability Trends

    Household incomes here average £34,045, placing the area in the lower quartile nationally. The price-to-income ratio of 7.0x has widened since 2016 (when it was 6.2x), signalling that property affordability has deteriorated even though prices remain modest. Rental affordability has also tightened: the rent-to-income ratio now stands at 24.7%, up from 22.5% in 2016.

    Resident Demographic Profile

    The population is notably older than national average, with 21.6% aged 65 and above compared to 19.6% nationally, while those aged 16–24 are underrepresented at 9.4%. The employment profile is heavily weighted towards manual and elementary work: trades, plant and machine operation, and elementary occupations together represent over half the workforce, substantially above national levels. Professional and managerial roles are significantly less common here, each at around 8–9% against national figures of 20.5% and 13.4% respectively.

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