At a Glance
Average Property Price - PE28
£400,888
67
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE28
£47,563
83
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE28
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 PE28 is £401,000, placing it in the upper half of the national market. Over the past decade, prices have grown at 3.8% annually, slightly above the national median rate. However, transaction volumes have softened: the latest year saw 727 sales, down from a ten-year average of 894, reflecting moderating market activity.
Rent & Yield Trends
Average monthly rent in the broader PE area stands at £912, below the national average. Rent growth over ten years has been robust at 4.2% annually, outpacing the national pace. The rental yield has improved to 6.1% in the latest year from a ten-year average of 5.0%, signalling a strengthening return for buy-to-let investors.
Income & Affordability Trends
Household income in PE28 is notably strong at £48,000 annually, placing it in the top fifth nationally. However, purchase affordability has tightened: the price-to-income ratio has risen to 8.4x from 7.1x in 2016, reflecting price growth outpacing wage growth. Rental affordability has similarly worsened, with rent consuming 24.7% of income compared to 22.5% seven years ago.
Resident Demographic Profile
The population skews notably older than average, with those aged 50–64 and 65+ together accounting for over 41%, well above the national proportion. The 16–24 age group is underrepresented at 8.3%, suggesting limited appeal to young adults. Housing tenure reflects strong homeownership, with 71.6% owned (outright or mortgaged) versus 60.7% nationally. The workforce is more heavily concentrated in professional and managerial roles (38.6% combined) than the national average, whilst trades and elementary work are notably less represented.