PE38 house prices are built from 10,658 sales lodged with HM Land Registry, the oldest in 1995 and the most recent on 26 Jun 2026. The median price paid across the whole record is £154,000. Across the 10 years from 2016 to 2026 the median moved +42.1% in cash — but once inflation is taken out, the change in 2026 money is +1.8%.
Median price paid
£154,000
Change in cash, 2016–2026
+42.1%
Change in real terms
+1.8%
Median per m²
£1,974
HM Land Registry10,658 sales2,015 with floor areaLatest sale 26 Jun 2026
Section 01
How PE38 prices moved
The chart tracks the median PE38 house price for every year with a recorded sale, from 1995 to 2026. The dashed line restates each year in 2026 money, so the two lines separate exactly as much as inflation has eroded the cash figure.
| Decade | Years with sales | Median paid | In today's money |
|---|---|---|---|
| 1990s | 5 | £55,000 | £122,126 |
| 2000s | 10 | £146,000 | £265,969 |
| 2010s | 10 | £165,000 | £232,650 |
| 2020s | 7 | £257,500 | £263,098 |
The highest yearly median on record for PE38 is £268,750 in 2025; the lowest is £49,250 in 1996. Across the full 32-year record the cash median has moved from £49,950 to £260,000.
In 2026 money that first median is worth £110,913, so the real change over the whole record is +134.4% — about +2.79% a year after inflation. Cash growth and real growth are not the same story, and the gap is the part most price reports leave out.
Over the last decade alone the difference is stark: +42.1% in cash against +1.8% once inflation is removed. A buyer who sold at the end of that decade would have needed the real figure, not the headline one, to know whether they had actually gained.
Section 02
The most recent sales
Every row is a completed sale as lodged with HM Land Registry. The right-hand column restates the price in 2026 money, which is the only fair way to compare a sale from the 1990s with one from last year.
| Address | Sold | Type | Price paid | In today's money |
|---|---|---|---|---|
| 3 Bridge Road | 26 Jun 2026 | Terraced | £180,000 | £180,000 |
| 10 Cock Drove | 11 Jun 2026 | Detached | £225,000 | £225,000 |
| 71 Trafalgar Road | 5 Jun 2026 | Detached | £350,000 | £350,000 |
| 34 Mallard End | 5 Jun 2026 | Detached | £290,000 | £290,000 |
| 43 Elizabeth Avenue | 4 Jun 2026 | Semi-detached | £176,000 | £176,000 |
| 1 Stradsett Close | 29 May 2026 | Detached | £330,000 | £330,000 |
| 12 Gallow Drive | 29 May 2026 | Detached | £310,000 | £310,000 |
| 89 Grimshoe Road | 29 May 2026 | Terraced | £252,000 | £252,000 |
| 27 Lynn Road | 29 May 2026 | Terraced | £250,000 | £250,000 |
| 6 Sage Avenue | 28 May 2026 | Detached | £355,000 | £355,000 |
| 6 Kingfisher Road | 28 May 2026 | Detached | £325,000 | £325,000 |
| 2 Bluebell Close | 28 May 2026 | Detached | £270,000 | £270,000 |
| 84 Rosemary Way | 28 May 2026 | Detached | £243,000 | £243,000 |
| 87 Bexwell Road | 27 May 2026 | Detached | £470,000 | £470,000 |
| 5 Rubens Way | 22 May 2026 | Detached | £365,000 | £365,000 |
| 21 Basil Drive | 22 May 2026 | Semi-detached | £280,000 | £280,000 |
| 10 Oakview Drive | 21 May 2026 | Detached | £348,000 | £348,000 |
| WESLEY HOUSE Hills Court | 20 May 2026 | Detached | £440,000 | £440,000 |
| 7 Larkspur Close | 18 May 2026 | Detached | £330,000 | £330,000 |
| 5 Lynn Road | 15 May 2026 | Detached | £165,000 | £165,000 |
| 42 WADE-WRIGHT COURT Priory Road | 15 May 2026 | Flat or maisonette | £102,000 | £102,000 |
| 63 Rosemary Way | 8 May 2026 | Semi-detached | £270,000 | £270,000 |
| 57 Wimbotsham Road | 8 May 2026 | Semi-detached | £250,000 | £250,000 |
| CROFT HOUSE, 108 Bexwell Road | 7 May 2026 | Semi-detached | £420,000 | £420,000 |
| 18 Greenwich Close | 7 May 2026 | Semi-detached | £260,000 | £260,000 |
Section 03
Homes that sold twice
These addresses appear in the register more than once, so the same bricks are being priced twice. That makes them the strongest evidence of what actually happened to PE38 values — no mix of property types can flatter the number.
| Address | First recorded sale | Most recent sale | Cash a year | Real a year |
|---|---|---|---|---|
| 3 Bridge Road | £35,000 (2000) | £180,000 (2026) | +6.5% | +3.7% |
| 10 Cock Drove | £65,000 (1999) | £225,000 (2026) | +4.7% | +2.0% |
| 71 Trafalgar Road | £190,000 (2007) | £350,000 (2026) | +3.3% | +0.3% |
| 34 Mallard End | £190,000 (2007) | £290,000 (2026) | +2.3% | -0.7% |
| 43 Elizabeth Avenue | £119,500 (2006) | £176,000 (2026) | +2.0% | -0.9% |
| 1 Stradsett Close | £104,000 (1999) | £330,000 (2026) | +4.4% | +1.7% |
| 27 Lynn Road | £20,000 (1996) | £250,000 (2026) | +8.8% | +6.0% |
| 12 Gallow Drive | £83,500 (2002) | £310,000 (2026) | +5.6% | +2.8% |
| 89 Grimshoe Road | £169,995 (2012) | £252,000 (2026) | +2.9% | -0.1% |
| 6 Sage Avenue | £152,000 (2002) | £355,000 (2026) | +3.6% | +0.8% |
| 2 Bluebell Close | £239,995 (2013) | £270,000 (2026) | +0.9% | -2.0% |
| 6 Kingfisher Road | £235,000 (2024) | £325,000 (2026) | +17.6% | +14.6% |
Section 04
What sells here
The mix of property types explains a large part of any area's median. PE38 is dominated by the type at the top of this table, so its overall median leans that way.
| Property type | Sales | Share | Median paid | Range |
|---|---|---|---|---|
| Detached | 5,490 | 51.5% | £187,000 | £7,125 – £1,175,000 |
| Semi-detached | 2,447 | 23.0% | £141,000 | £2,000 – £749,950 |
| Terraced | 2,096 | 19.7% | £127,000 | £9,250 – £775,000 |
| Flat or maisonette | 625 | 5.9% | £104,000 | £16,250 – £270,000 |
Section 05
How big homes are in PE38
Energy Performance Certificates record a floor area for every home that has been surveyed, sold or let — far more homes than have changed hands. 2,578 certificates cover PE38, and their median floor area is 75 m².
The median across the whole register is 76 m², so homes here are about the same size than average — -1.3%. Size explains a large part of why one area's median price sits above another's, which is why the price per square metre further up this page is the fairer comparison.
| Measure | Floor area | Sample |
|---|---|---|
| Median floor area | 75 m² | about 807 sq ft |
| Smaller quarter, up to | 59 m² | about 635 sq ft |
| Larger quarter, from | 96 m² | about 1,033 sq ft |
| Under 60 m² | 28.0% | 721 homes |
| 150 m² and over | 7.2% | 185 homes |
Section 06
Ownership and new build in PE38
647 of the sales on record are leasehold and 10,011 freehold — 6.1% of the market. Tenure is not a detail: a leasehold flat and a freehold house are different assets, and mixing them into one median hides the difference.
The median leasehold sale is £102,000 and the median freehold sale £159,500 — a gap of +56.4%. Most of that gap is property type rather than tenure itself: leasehold here is largely flats, freehold largely houses.
| Category | Sales | Share | Median paid |
|---|---|---|---|
| Leasehold | 647 | 6.1% | £102,000 |
| Freehold | 10,011 | 93.9% | £159,500 |
| New build | 1,676 | 15.7% | £147,498 |
| Existing home | 8,982 | 84.3% | £155,000 |
New builds sold for less than the median existing home — -4.8%. A new-build premium is normal: the buyer gets a warranty and nothing to fix, and the price is set by a developer rather than negotiated between two households.
A further 444 transfers for this area are on the register but are left out of every figure above. HM Land Registry marks them as additional price paid entries: repossessions, buy-to-let portfolio moves, transfers between companies or family, and sales at a discount such as right to buy. They are real records but they are not open-market prices, and including them would drag the median somewhere no buyer ever paid.
Section 07
Living in PE38
Every certificate carries an energy efficiency band as well as a floor area. Across East Cambridgeshire, 47.9% of 44,518 certificates sit in bands A to C, and 5.6% in F or G — the bands that cost the most to heat and are hardest to mortgage.
| Energy band | Certificates | Share |
|---|---|---|
| A | 748 | 1.7% |
| B | 6,858 | 15.4% |
| C | 13,740 | 30.9% |
| D | 14,050 | 31.6% |
| E | 6,646 | 14.9% |
| F | 2,028 | 4.6% |
| G | 448 | 1.0% |
The Office for National Statistics puts the mean private rent in East Cambridgeshire at £1,029 a month as of Jun 2026 — £725 for a one-bedroom home and £1,157 for three bedrooms.
Against the median sale of £154,000 here, that rent is a gross yield of 8.02% a year. It is a measured figure rather than an assumption: a real local rent over a real local price, before any cost of ownership.
Police forces publish every recorded street-level crime. Within a mile of the centre of PE38, 22 crimes were recorded in Jun 2026: 7 violent, 0 burglary, 0 vehicle-related and 7 anti-social behaviour. The median postcode district in this archive recorded 167 in the same month, so this one is 7.6 times quieter.
Against the 87,762 residents the 2021 census counted in East Cambridgeshire, that is 0.25 recorded crimes per thousand people in the month. The count covers a mile around the district centre while the population covers the whole council, so read the rate as an order of magnitude rather than a precise figure.
A count is not a rate. A district with shops and a station records more crime than a residential one of the same size, because more people pass through it. Read this next to the median, not on its own.
Section 08
The neighbourhood around PE38
The 2021 census counted 87,762 residents in East Cambridgeshire across 37,202 households. 69.5% of those households own their home and 30.4% rent — a split the sold record cannot show, because only owners appear in it.
6 state and independent schools have a PE38 postcode: 5 primary, 1 secondary. Catchment areas do not follow postcodes, so treat this as what is nearby rather than what a child would be offered.
| School | Phase | Type | Pupils |
|---|---|---|---|
| Downham Market Academy | Secondary | Academy sponsor led | 1,329 |
| Downham Market, Hillcrest Primary School | Primary | Community school | 404 |
| Nelson Academy | Primary | Academy sponsor led | 386 |
| Denver Voluntary Controlled Primary School | Primary | Voluntary controlled school | 108 |
| Southery Academy | Primary | Academy sponsor led | 83 |
| Hilgay Riverside Academy | Primary | Academy converter | 75 |
| Station | Mode | Distance from the district centre |
|---|---|---|
| Downham Market Rail Station | Rail | 1.8 km |
| Watlington Rail Station | Rail | 9.4 km |
| Littleport Rail Station | Rail | 14.6 km |
| Manea Rail Station | Rail | 16.8 km |
Section 09
How PE38 compares
The median across the whole archive is £157,500. PE38 sits below that national figure — -2.2%.
Where an EPC floor area could be matched to the sale, the median works out at £1,974 per square metre, across 2,015 of the 10,658 sales on record. Price per square metre is the only figure that compares a two-bed flat with a four-bed house honestly.
The full range on record runs from £2,000 to £1,175,000. Extremes usually mean something unusual — a plot sold without a house on it, a transfer between family members, or a very large property — so the median is the number to trust.
PE38 sits in East Cambridgeshire, in the East of England.
The Office for National Statistics puts the median home in East Cambridgeshire at 10.0 times median local earnings of £34,117 a year, measured to Sep 2025. Across England and Wales the same ratio is 7.6. That number, not the price alone, is what decides whether a place is within reach of the people who work in it.
Section 10
Nearby on the record
Sectors inside PE38
The closest districts
- PE1412.7 km · £142,000
- PE1318.5 km · £120,000
- PE3019.2 km · £114,000
- PE1520.4 km · £130,000
- PE3722.7 km · £158,000
- CB622.7 km · £181,000
- CB725.6 km · £168,000
- IP2830.5 km · £174,950
This district mostly covers Downham Market.
Quick answers
Common questions about this data
What is the average house price in PE38?
The median price paid in PE38 across every sale on the register is £154,000. The median is used rather than the mean because a handful of very large sales would otherwise drag the average away from what a typical buyer paid.
How many homes have sold in PE38?
10,658 sales are on record for PE38, the most recent completing on 26 Jun 2026. Every one is a completed transfer lodged with HM Land Registry, not an asking price or an estimate.
Have PE38 house prices actually risen?
In cash, the median rose +42.1% between 2016 and 2026. In 2026 money — that is, after inflation — the change is +1.8%. Both numbers are true; only the second one tells you whether buying here preserved value.
When were PE38 house prices at their highest?
The highest yearly median on record is £268,750, set in 2025. That is the cash figure; measured in 2026 money the peak may fall in a different year, because inflation reshapes the series.
What is the price per square metre in PE38?
£1,974 per square metre, from the 2,015 sales where an EPC floor area could be matched to the address. Price per square metre strips out size, so a flat and a house can be compared on the same basis.
How current is this data?
The latest sale shown here completed on 26 Jun 2026. HM Land Registry publishes Price Paid Data monthly and a sale can take a month or two to appear after completion, so the most recent weeks are always incomplete.
Cite this page: Sold Price History, “PE38 house prices”, 2026. Source: HM Land Registry Price Paid Data © Crown copyright and database right, used under the Open Government Licence v3.0. Inflation adjustment: ONS CPIH.