At a Glance
Average Property Price - PE4
£235,563
23
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE4
£38,199
50
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE4
4.3%
74
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The average property price in PE4 is £236,000, placing it below the national average and among the cheaper areas nationally. Over the past decade, prices have grown at 4.3% annually, which is above the national trend and reflects stronger-than-average long-term performance. Transaction activity was notably quieter in the latest year, with 327 sales compared to a 10-year average of 414 per annum—a decline of around 21%.
Rent & Yield Trends
Average monthly rent in the broader PE area stands at £912, below the national median and among the more affordable rental markets. Rental growth has averaged 4.2% annually over ten years, modestly outpacing the national pace. The flat yield has risen to 6.1%, a meaningful improvement from its 10-year average of 5.0%, signalling growing investor interest and improved rental returns.
Income & Affordability Trends
Household income in PE4 averages £38,199, broadly in line with the national median and neither distinctly strong nor weak. The price-to-income ratio of 6.2x has deteriorated since 2016 (when it stood at 5.2x), reflecting that homes have become less affordable relative to local earnings over the past eight years. Rental affordability has similarly weakened: the rent-to-income ratio has risen from 22.5% to 24.7%, indicating a growing squeeze on renters' budgets.
Resident Demographic Profile
The area has a notably higher share of children under 15 (20.3% versus the national 17.5%) and an above-average proportion of young adults aged 35–49, suggesting family-oriented appeal. Conversely, young adults aged 16–24 are underrepresented at 8.9%, pointing to limited local youth retention. Social rented housing is more prevalent at 21.1% compared to the national 16.5%, reflecting the area's more affordable character. The employment base is notably skewed towards elementary occupations (14.8%) and plant/machine operators (10.4%), well above national averages, whilst professional roles are underrepresented at 13.7%.