At a Glance
Average Property Price - PE2
£252,840
28
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE2
£40,980
62
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE2
4.2%
72
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE2 is £253,000, which is below the national average. Over the past decade, the area has seen annualised price growth of 4.2%, which ranks above average nationally and reflects steady capital appreciation. Transaction volumes have softened in recent years, with 545 sales in the latest full year compared to a 10-year average of 787 annually.
Rent & Yield Trends
Average monthly rent across the broader PE postcode area stands at £912, below the national average. Rental growth over ten years has averaged 4.2% annually, slightly above the national trend. The flat yield has improved notably, rising to 6.1% in the latest period from a 10-year average of 5.0%, signalling improving returns for landlords.
Income & Affordability Trends
Average household income in PE2 is £40,980, slightly above the national median. The price-to-income ratio has risen to 6.1x from 5.3x in 2016, indicating that properties have become less affordable relative to earnings. Rental affordability has also tightened, with rent-to-income rising from 22.5% to 24.7% over the same period.
Resident Demographic Profile
The area has a notably larger share of children under 15 (20.8% against a national 17.5%) and a higher proportion of 35–49 year-olds (21.1% vs 18.7%), suggesting a family-oriented demographic. Conversely, young adults aged 16–24 are underrepresented at 8.8% compared to the national 11.0%. Housing tenure is more balanced towards mortgaged ownership (31.3% vs 27.0% nationally) and slightly lower outright ownership. Employment is weighted towards elementary occupations (14.1% vs 10.2% nationally) and plant/machine roles, with fewer professionals and managers than the national average.