At a Glance
Average Property Price - PE19
£349,379
56
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE19
£44,906
76
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE19
3.4%
43
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE19 is £349,000, which sits close to the national midpoint. Over the past decade, prices have grown at 3.4% annually—a pace slightly below the national average, suggesting more modest capital appreciation than many UK markets. Transaction activity has softened: the latest year saw 732 sales, down from a 10-year average of 885, indicating a notable dip in market momentum.
Rent & Yield Trends
Average monthly rent across the broader PE postcode area stands at £912, below the national average and reflecting the area's more affordable rental profile. Rental growth has outpaced the national trend, rising 4.2% annually over a decade—among the stronger regional performers. Flat yields have improved markedly: at 6.1%, they now sit well above the 10-year average of 5.0%, reflecting a shift in the balance between price growth and rental returns in favour of investors.
Income & Affordability Trends
Household incomes in PE19 are above the national average, placing the area among higher-earning regions. However, affordability has deteriorated: the price-to-income ratio has widened from 6.2x in 2016 to 7.7x today, making properties notably harder to purchase relative to local earnings. Rental affordability has also worsened, with the rent-to-income ratio rising from 22.5% to 24.7%, indicating that renters now spend a larger share of income on housing.
Resident Demographic Profile
The age profile is notably skewed towards older households: those aged 35–49 and 50–64 each represent just over one-fifth of the population, while the 16–24 age group is significantly underrepresented at 8.5% compared to the national average of 11.0%. The tenure mix shows a strong emphasis on homeownership: 35.4% own outright and 33.3% own with a mortgage, while private renting is below average at 16.4%. The employment base is weighted towards professional and managerial roles—together accounting for over one-third of workers—while elementary occupations are notably sparse at 7.7%.