At a Glance
Average Property Price - PE23
£276,895
35
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE23
£33,140
20
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE23
4.1%
69
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE23 is £277,000, placing it below the national average. Over the past decade, prices have grown by 4.1% annually—a rate slightly faster than the national trend. Transaction activity last year stood at 136 sales, modestly below the 157-transaction average recorded over the past ten years.
Rent & Yield Trends
Average monthly rent across the PE postcode area is £912, below the national average. Rental growth over ten years has been steady at 4.2% annually, in line with national momentum. The flat yield currently stands at 6.1%, up noticeably from the ten-year average of 5.0%, reflecting a favourable recent environment for buy-to-let investors.
Income & Affordability Trends
Average household income in PE23 is £33,140, well below the national average and among the lower-income areas nationally. The price-to-income ratio of 8.6x has risen sharply from 6.8x in 2016, indicating housing has become less affordable relative to local earnings. Rental affordability has also worsened; the rent-to-income ratio has climbed from 22.5% to 24.7%, putting added pressure on renters.
Resident Demographic Profile
PE23 has a distinctly older population: nearly one-third are aged 65 and over, compared to a national average of 19.6%, while those aged 16–24 account for just 7% against a national norm of 11%. The area skews heavily towards owner-occupation, with 48.8% owning outright—well above the 33.7% national average. Employment is weighted towards trades (15.5%) and managers (15.4%), with lower representation in professional roles.