At a Glance
Average Property Price - PE25
£195,176
11
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE25
£25,619
3
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE25
3.5%
49
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The latest average property price in PE25 is £195,000, placing it among the cheapest nationally. Over the past decade, prices have grown at 3.5% annually, which is broadly in line with the national average. Transaction activity has slowed significantly, with 243 sales in the latest full year compared to a 10-year average of 314—a decline of around 23%.
Rent & Yield Trends
Average monthly rent in the broader PE area is £912, which sits below the national average. Rental growth over the past decade has been relatively strong at 4.2% annually, outpacing the national trend. Yields have improved markedly: the current flat yield of 6.1% is notably higher than the 10-year average of 5.0%, reflecting a favourable environment for buy-to-let investors.
Income & Affordability Trends
Average household net income in PE25 is £25,619, significantly below the national average and among the lowest in the country. The price-to-income ratio stands at 7.3x, indicating that purchasing has become less affordable than in 2016, when the ratio was 6.4x. Rental affordability has also worsened: the rent-to-income ratio has risen from 22.5% in 2016 to 24.7% today, suggesting households are spending a growing share of income on rent.
Resident Demographic Profile
The population skews notably older, with 27.1% aged 65 and over—well above the national average of 19.6%—and notably fewer younger adults aged 16–24 (8.7% versus 11.0% nationally). Housing tenure is distinctive: mortgage ownership is unusually low at 16% compared to the national 27.0%, while private renting is unusually high at 33.5% versus 21.7% nationally. Employment is concentrated in elementary roles (17.7%), caring professions (13.7%), and sales (12.8%), with far fewer professionals (7.2% against 20.5% nationally).