PE5 (Castor) area guide

PE5
Castor
The PE5 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Ailsworth, Castor, Glinton and Wittering, Peterborough, Sutton, Werrington South.
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Notes:

A Mouseprice property guide for PE5 Castor is coming soon. In the meantime, please have a look at the raw data and statistics about PE5 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Peterborough propertyThe size of the property market in PE5 is 638 homes.

Peterborough propertyWhen compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 11.6%. This could well be because this is a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Peterborough propertyThe average property in this postcode district was valued at £275798 over the last 3 months.

Peterborough propertyWhen examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 9.4. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.

Peterborough propertyNew transactions as a percentage of overall sales are 0.8%.

Housing stock:

Castor propertyOver half of the properties in the area are Detached Houses, at 57.4% of the total housing stock.

Castor propertyFor those buyers keen to purchase Flats, this would not be an ideal area, because only 4.1% are this type.

Castor propertyThis is an area with a high proportion of property suitable for families with children.

Castor propertySocially rented accommodation represents 8.3% of the total rented accommodation in the area.

Castor propertyThe majority of property in this area is owner occupied.

Castor propertyThe average price of a two bed property in this area is less that the national average of £187894 at £182127.

Who lives here:

Castor propertyThere are 702 men and 720 women in this postcode district.
Castor propertyThis is one of the most “experienced” areas of the country, with an average age of 44.
Castor propertyThis area has a high percentage of married people at 18.2%.
Castor propertyAverage working hours in this area for men are 44 and for women are 31.
Castor propertyThis area is relatively rural, with only 0.5 people per square kilometre.
Castor propertyThe largest source of work in this area is Real Estate (17% of workers), followed by Wholesale & Retail (12.4%).