At a Glance
Average Property Price - PE15
£254,597
29
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE15
£36,461
40
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE15
4.0%
66
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE15 is £255,000, placing it well below the national average—among the cheaper districts across Great Britain. Over the past decade, prices have grown by 4.0% annually, which is slightly faster than the national average, suggesting modest but steady capital appreciation. However, transaction volumes have fallen: 417 sales were recorded in the latest year, compared to a 10-year average of 553, indicating a softening in market activity.
Rent & Yield Trends
Average monthly rents in the broader PE area stand at £912, below the national average and reflecting the rural character of the region. Rental growth has been solid at 4.2% annually over the past decade, marginally outpacing the national trend. The flat yield has improved materially, now standing at 6.1% compared to a 10-year average of 5.0%, making buy-to-let investment increasingly attractive relative to the past.
Income & Affordability Trends
Average household income in PE15 is £36,461, slightly below the national average. Housing affordability has deteriorated: the current price-to-income ratio of 7.2x is substantially higher than in 2016 (5.8x), reflecting stronger price growth than income growth over the period. Rental affordability has similarly worsened, with the rent-to-income ratio rising from 22.5% to 24.7%, indicating a tighter squeeze on renters' budgets.
Resident Demographic Profile
PE15 has a noticeably older population: those aged 65 and over represent nearly a quarter of residents, well above the national figure of 19.6%, while the 16–24 age group is notably underrepresented at 8.6% versus 11.0% nationally. Housing tenure is weighted towards owner-occupation, with 40.9% owning outright—significantly higher than the national average of 33.7%—and correspondingly lower private rental shares. The employment profile is skewed towards trades (13.1%) and plant/machine operation (11.4%), reflecting the area's agricultural and manufacturing base, with notably fewer professionals (11.9%) than the national average of 20.5%.