At a Glance
Average Property Price - PE21
£208,663
15
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE21
£33,182
20
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE21
3.9%
63
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE21 is £209,000, placing it well below the national average—among the cheapest areas nationally. Over the past decade, prices have grown at 3.9% per year, slightly slower than the national average. Transaction activity has slowed noticeably: 446 sales in the latest full year compared to a 10-year average of 624 per year.
Rent & Yield Trends
Average monthly rent stands at £912, notably below the national average. Rent growth over the past decade has averaged 4.2% per year, outpacing national growth. The flat yield has strengthened to 6.1%, up from a 10-year average of 5.0%, reflecting improving rental returns for investors.
Income & Affordability Trends
Average household income in PE21 is £33,182, significantly below the national average. The price-to-income ratio has worsened from 5.5x in 2016 to 5.9x today, indicating purchasing power has tightened despite low absolute prices. Rental affordability has also deteriorated: the rent-to-income ratio has risen from 22.5% to 24.7%, meaning a larger share of household income now goes to rent.
Resident Demographic Profile
The age profile is notably skewed towards working-age adults, particularly the 35–49 bracket at 21%, above the national average. Private renting is far more common here than nationally—31% of households compared to 22% nationally—while outright ownership is correspondingly lower at 28%. The employment mix is heavily weighted towards manual and elementary work: nearly 23% work in elementary occupations and a similar proportion in plant and machine roles, well above national norms. Professional and managerial roles are significantly underrepresented.