At a Glance
Average Property Price - PE31
£374,029
62
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE31
£36,710
42
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE31
3.2%
37
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE31 is £374,000, placing it slightly above the national midpoint. Annual price growth over the past decade has averaged 3.2%, below the national trend. Transaction activity has moderated noticeably: 311 sales were recorded in the latest full year, down from a ten-year average of 410 per annum.
Rent & Yield Trends
Average monthly rent across the broader PE postcode stands at £912, below the national average. Rental growth has been robust at 4.2% annually over ten years, outpacing the national rate. The flat yield has strengthened to 6.1%, up meaningfully from its ten-year average of 5.0%, reflecting improving rental returns relative to property values.
Income & Affordability Trends
Average household income in PE31 is £36,710, slightly below the national average. The price-to-income ratio stands at 11.7x, having widened from 9.7x in 2016, signalling that property affordability has deteriorated. Rental affordability has also shifted unfavourably: the rent-to-income ratio has risen from 22.5% to 24.7%, meaning rent now claims a larger share of household income.
Resident Demographic Profile
PE31 has a notably ageing population: over one in three residents (37.2%) are aged 65 or over, more than double the national average. Those aged 16–24 are significantly underrepresented at 6.6% compared to 11.0% nationally, reflecting outward migration of younger adults. Half of all homes are owned outright—well above the national figure of 33.7%—and the workforce is skewed towards trades (16.0%) and managers (15.2%), with fewer professionals than average.