At a Glance
Average Property Price - PE32
£332,607
52
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE32
£36,874
43
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE32
3.3%
39
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE32 is £333,000, placing it at the national midpoint—neither notably expensive nor cheap relative to the rest of the UK. Over the past decade, prices have grown at 3.3% per year, below the national average, indicating more modest capital appreciation than much of the country. Transaction activity has declined; the latest year saw 178 sales against a 10-year average of 242, suggesting a softer market than its recent history.
Rent & Yield Trends
Average monthly rent in the broader PE postcode area is £912, below the national average and reflecting the region's rural and semi-rural character. Rental growth over ten years has been strong at 4.2% annually, outpacing the national trend and indicating steady demand from tenants. The flat yield has improved to 6.1%, now above its 10-year average of 5.0%, making rental investment increasingly attractive relative to recent years.
Income & Affordability Trends
Household income in PE32 is £36,874 on average, slightly below the national median and placing the area in the lower-middle range nationally. Purchase affordability has deteriorated significantly: the price-to-income ratio has risen from 7.2x in 2016 to 10.5x today, meaning property has become substantially less affordable relative to local earnings. Rental affordability has also worsened, with the rent-to-income ratio climbing from 22.5% to 24.7%, indicating that tenants now dedicate a larger share of income to housing costs.
Resident Demographic Profile
PE32 has a notably older demographic profile: those aged 50 and over account for 52.3% of the population, well above the national figure of 39.4%, while under-16s represent just 15.3% compared to the national 17.5%. The housing stock is heavily weighted towards outright ownership at 45.1%, far exceeding the national average of 33.7%, reflecting a stable, established resident base with paid-off mortgages. The employment mix is skewed towards trades (15.1% versus 10.5% nationally) and caring professions (10.4% versus 9.2%), with fewer professionals (14.4% versus 20.5%), typical of a semi-rural economy with substantial agricultural and service sectors.