At a Glance
Average Property Price - PE27
£329,050
51
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE27
£44,586
74
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE27
3.1%
33
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The latest average property price in PE27 is £329,050, which sits close to the national median, reflecting a broadly representative market. Over the past decade, prices have grown at 3.1% per year—below the national average, indicating slower capital appreciation than many regions. Transaction volumes have dipped from their 10-year average, with 251 sales in the latest full year against an average of 329, suggesting a more subdued market tempo recently.
Rent & Yield Trends
Average monthly rent in the broader PE postcode area stands at £912, which is below the national average, making it an affordable rental market. Rents have climbed at 4.2% annually over the past decade—above the national rate—indicating steady upward pressure on lettings. Flat yield has strengthened to 6.1% from a 10-year average of 5.0%, signalling improving returns for buy-to-let investors and a shift towards more attractive rental yields.
Income & Affordability Trends
Average net household income is £44,586, placing the area above the national median and reflecting relatively strong earning power. Purchase affordability has deteriorated: the price-to-income ratio has risen to 7.5x from 6.2x in 2016, meaning property is now significantly less affordable relative to local incomes. Rental affordability has also worsened, with the rent-to-income ratio climbing from 22.5% to 24.7%, indicating a larger share of household income is needed to cover lettings costs.
Resident Demographic Profile
The population is notably older than average, with 21.8% aged 65 and over—well above the national figure of 19.6%—alongside a below-average proportion of 16–24-year-olds at 8.7%. Housing tenure shows a lean towards outright ownership at 37.2%, significantly higher than the national average of 33.7%, reflecting an established, long-settled population. The employment mix is distinctive for a concentration in technical and professional roles, at 15.5% and 21.7% respectively, whilst caring occupations are notably underrepresented at 7.7% against the national 9.2%.