At a Glance
Average Property Price - PE34
£280,455
37
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE34
£34,499
29
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE34
3.7%
57
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE34 stands at £280,000, which is below the national average. Over the past decade, prices have grown at 3.7% annually—close to the national trend. Transaction activity has slowed notably: only 147 sales were recorded in the latest full year, compared to a 10-year average of 211 per year.
Rent & Yield Trends
Average monthly rent in the wider PE postcode area is £912, below the national average. Rental growth over the past decade has been stronger than the national norm, at 4.2% annually. The flat yield has improved materially, rising from a 10-year average of 5.0% to 6.1% in the latest year—a sign that rental income is now outpacing property valuations.
Income & Affordability Trends
Average household income in PE34 is £34,500, well below the national average. The price-to-income ratio of 8.9x has risen substantially since 2016 (when it was 6.8x), indicating that property purchase affordability has deteriorated. Rental affordability has also worsened: the rent-to-income ratio has increased from 22.5% in 2016 to 24.7% today.
Resident Demographic Profile
PE34 has an older population profile than the national average. Those aged 50–64 and 65+ together represent 44.5% of residents, compared to 39.4% nationally, while working-age adults aged 25–34 are less prevalent. In employment, the area shows a notably higher proportion in trades (14.1% versus 10.5% nationally) and elementary work (13.1% versus 10.2%), alongside strong representation in caring roles (11% versus 9.2%). Professional and managerial roles are underrepresented relative to the national average.