At a Glance
Average Property Price - PE16
£254,603
29
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE16
£38,261
51
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE16
4.9%
88
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE16 is £255,000, placing it below the national average. Over the past decade, the area has experienced annualised price growth of 4.9%, which ranks among the fastest-growing districts nationally and significantly outpaces the typical UK trend. Transaction activity has softened recently, with 167 sales in the latest full year compared to an average of 224 over the preceding decade—a marked decline in market momentum.
Rent & Yield Trends
Average monthly rent in the broader PE postcode area stands at £912, slightly below the national median. Rental growth over ten years has averaged 4.2% per annum, a pace above the typical UK trend. The flat yield has risen to 6.1%, well above its ten-year average of 5.0%, reflecting improved returns for landlords and signalling an increasingly favourable rental market for investors.
Income & Affordability Trends
Average household income in PE16 is £38,261, precisely in line with the national median. The price-to-income ratio of 6.3x has worsened since 2016 (then 5.7x), indicating that property purchase affordability has deteriorated despite below-average prices. Rental affordability has similarly declined: the rent-to-income ratio has risen from 22.5% in 2016 to 24.7% today, suggesting a tightening of household budgets for renters.
Resident Demographic Profile
The population skews notably older than the national average, with 20.3% aged 65 and over (versus 19.6% nationally) and only 8.8% aged 16–24, well below the national average of 11.0%. Housing tenure reflects a stronger emphasis on ownership: 34.2% own with a mortgage (versus 27.0% nationally), whilst private renting is proportionally lower at 19.6%. The employment mix is distinctive for its higher proportion in skilled trades (12.9% versus 10.5% nationally) and plant and machine operation (12.8% versus 6.6% nationally), reflecting the area's industrial and agricultural heritage.