At a Glance
Average Property Price - PE22
£259,116
30
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE22
£32,432
16
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE22
4.1%
70
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE22 is £259,000, placing it well below the national average. The district has delivered strong price growth over the past decade, with annualised gains of 4.1% — a rate that exceeds most regions nationally. However, transaction activity has softened: 211 sales were recorded in the latest full year, down from a 10-year average of 246.
Rent & Yield Trends
Average monthly rent across the broader PE postcode stands at £912, modestly below the national midpoint. Rental growth over the past decade has been steady at 4.2% per year, outpacing most regions. The current flat yield of 6.1% represents a notable improvement on the 10-year average of 5.0%, reflecting a tightening of the rental-to-price ratio and growing attractiveness to buy-to-let investors.
Income & Affordability Trends
Average net household income in PE22 is £32,432, considerably below the national average and among the lowest nationally. The price-to-income ratio stands at 7.8x, indicating that affordability has deteriorated since 2016 when it stood at 7.1x. Rental affordability has similarly worsened: the rent-to-income ratio has climbed to 24.7% from 22.5% in 2016, signalling tighter rental budgets for working households.
Resident Demographic Profile
PE22 has an unusually aged demographic profile. Over a quarter of residents are 65 and over — nearly 50% higher than the national average — while those aged 16–24 and 25–34 are markedly underrepresented. Outright home ownership is exceptionally high at 48%, well above the national norm, reflecting a concentration of retirees and older households with paid-off mortgages. The employment mix shows notable strength in trades (14.8%) and plant/machine operative roles (11.3%), alongside above-average caring professions (10.7%), all reflecting the area's demographics and rural character.