At a Glance
Average Property Price - PE24
£219,039
17
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE24
£27,803
4
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE24
3.8%
59
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE24 is £219,000, placing it well below the national average and among the most affordable parts of the UK. Over the past decade, prices have grown at 3.8% annually—close to the national trend. Transaction activity has softened in recent years: 151 homes changed hands in the latest year, down from a 10-year average of 208, suggesting a cooling in market demand.
Rent & Yield Trends
Average monthly rents of £912 sit notably below the national midpoint, reflecting the area's affordability. Rental growth over ten years has been brisk at 4.2% annually, outpacing the national average. The flat yield has improved to 6.1% from a 10-year average of 5.0%, positioning buy-to-let investment favourably compared to its recent history.
Income & Affordability Trends
Household incomes average £27,803 per year—significantly below the national average, reflecting the area's demographic profile. The price-to-income ratio of 8.0x is reasonable, but has deteriorated since 2016 (when it stood at 6.4x), indicating that property prices have grown faster than local earnings. Rental affordability has also worsened: renters now spend 24.7% of income on rent, up from 22.5% in 2016.
Resident Demographic Profile
PE24 is notably older than the national average, with over one-third aged 65 and above, compared to just under one-fifth nationally. The working-age population is correspondingly sparse, particularly those under 25. Ownership is exceptionally high, with half of all homes owned outright—substantially above the national norm of one-third—reflecting the area's retirement character. The employment mix is heavily weighted towards trades and elementary roles, each representing 15% and 14% of the workforce respectively, while professional occupations are underrepresented at just 9%.