Property trends for PE36

    PE36 covers parts of Norfolk's coastal and rural hinterland in East Anglia, situated between the Wash and the Norfolk Broads. It is predominantly a retirement and rural residential area with a slower pace of life and strong community character.

    At a Glance

    Average Property Price - PE36

    £362,266

    59

    National percentile

    Average Monthly Rent - PE

    £912

    35

    National percentile

    Average Net Household Income - PE36

    £33,524

    22

    National percentile

    Flat / Maisonette Yield - PE

    6.1%

    77

    National percentile

    10-Year Annualised Price Growth - PE36

    3.5%

    45

    National percentile

    10-Year Annualised Rent Growth - PE

    4.2%

    68

    National percentile

    Property Price & Volume Trends

    The average property price in PE36 is £362,000, placing it slightly above the national midpoint. Over the past decade, prices have grown at 3.5% annually—a below-average rate of appreciation when measured against the rest of the UK. Transaction activity has weakened notably: last year saw 104 sales, down significantly from the 10-year average of 188 per year, suggesting a quieter market.

    Rent & Yield Trends

    Average monthly rent across the broader PE postcode is £912, below the national average. Rental growth has been stronger, however, at 4.2% annually over the past decade—above the national pace. The flat yield of 6.1% is now materially above its 10-year average of 5.0%, reflecting the recent strength in rental growth relative to capital values.

    Income & Affordability Trends

    Average household income in PE36 is £33,524, well below the national average, placing the area among the lower-income quarters nationally. The price-to-income ratio has widened from 8.8x in 2016 to 12.2x today, indicating that property has become significantly less affordable relative to local earnings. Rental affordability has similarly deteriorated: the rent-to-income ratio has risen from 22.5% to 24.7%, putting pressure on renters' budgets.

    Resident Demographic Profile

    PE36 is distinctly a mature and elderly area: nearly half the population (43%) is aged 65 and over, more than double the national average of 19.6%, while those under 15 and aged 16–24 are both substantially underrepresented. Housing is dominated by outright ownership at 53.8%, compared to a national average of 33.7%, with mortgage-holding significantly lower at 14.4%. The employment mix is skewed towards trades and caring roles (14.1% and 12.2% respectively), with managers also prominent at 16.7%, whilst professional-level employment is notably sparse at 11.5%.

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