At a Glance
Average Property Price - PE33
£308,926
45
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE33
£37,755
48
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE33
3.0%
29
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE33 is £309,000, which sits close to the national median and represents neither expensive nor affordable territory nationally. Over the past decade, prices have grown at 3.0% annually, a pace below the national average, reflecting more modest property appreciation in the area. Transaction volume has eased since the longer-term trend: the latest full year saw 198 sales against a 10-year average of 243, suggesting a quieter market by recent standards.
Rent & Yield Trends
Average monthly rent in the broader PE postcode area stands at £912, placing it below the national midpoint for rental costs. Rents have grown at 4.2% annually over the past decade, outpacing national rent growth and indicating relatively strong demand from tenants. The flat yield has risen to 6.1% in the latest year, well above its 10-year average of 5.0%, pointing to an increasingly attractive proposition for buy-to-let investors.
Income & Affordability Trends
Average household income in PE33 is £37,755, very close to the national median and reflecting an income-typical area. The price-to-income ratio stands at 7.9x, meaning property costs have shifted further out of reach relative to earnings since 2016 (when it was 7.0x), indicating tightening purchase affordability. Rental affordability has also weakened: the rent-to-income ratio has risen from 22.5% in 2016 to 24.7% today, placing a slightly heavier burden on tenant budgets.
Resident Demographic Profile
PE33 has an older population profile than the national average, with over a quarter aged 65 or over (24.8% vs 19.6% nationally) and notably fewer young adults aged 16–24 (8.9% vs 11.0%). The housing tenure mix is distinctive: outright ownership is significantly higher at 43% compared to 33.7% nationally, while social rented housing is below average at 10% versus 16.5%. The employment profile is more trade and technical-focused than the national average, with 14.5% in trades and 15.1% in technical roles, but notably fewer professionals (13.3% vs 20.5% nationally).