At a Glance
Average Property Price - PE5
£680,393
93
National percentile
Average Monthly Rent - PE
£912
35
National percentile
Average Net Household Income - PE5
£45,098
76
National percentile
Flat / Maisonette Yield - PE
6.1%
77
National percentile
10-Year Annualised Price Growth - PE5
4.4%
78
National percentile
10-Year Annualised Rent Growth - PE
4.2%
68
National percentile
Property Price & Volume Trends
The latest average property price in PE5 is £680,393, placing it among the most expensive nationally. Over the past decade, the district has seen annualised price growth of 4.4%, which is above the national average. Transaction volume in the latest full year stood at 14 sales, notably below the 10-year average of 19 annual sales, reflecting recent market softness.
Rent & Yield Trends
Average monthly rent in the PE postcode area is £912, which is below the national average. Rents have grown at 4.2% per year over the past decade, outpacing national rental growth. The flat yield currently stands at 6.1%, up from a 10-year average of 5.0%, indicating strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average net household income in PE5 is £45,098, placing it above the national average. The current price-to-income ratio of 15.1x has deteriorated significantly since 2016 (when it stood at 9.9x), reflecting rapid house price growth outpacing income gains and reducing purchase affordability. Rental affordability has also worsened: the rent-to-income ratio has risen from 22.5% in 2016 to 24.7% today.
Resident Demographic Profile
The population is noticeably older than the national average, with 23.9% aged 65 and above compared to 19.6% nationally, while the 16–24 age group is significantly underrepresented at 7.2%. Housing tenure is skewed towards ownership: 42.8% own outright (well above the 33.7% national average) and 31.3% own with a mortgage. The employment profile is more weighted towards professionals (22.6%) and managers (16.0%) than the national norm, reflecting an affluent, mature demographic.