Key indicators for buyers
The PE16 market is moderately favourable for buyers. Affordability has improved from a peak of 8.9x in 2021 to 7.4x today. Rising rents (£829/mo, +4.2%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Fenland area
A home in Fenland costs 7.4x the local median salary — moderate, improving from a peak of 8.9x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Fenland area
Average monthly rent in Fenland is £829, up 4.2% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Fenland price of £247,333 with a 25% deposit (£62k), a 2-year fixed mortgage at 3.97% costs around £976 per month.
Monthly cost comparison based on current data
Uses PE16 avg. price with Fenland rental data
Monthly mortgage payments (£976) are £147 more than renting (£829). However, buying requires an upfront deposit of £62k — it would take around 12 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
22, GREEN PARK PE16 6DL | Semi-detached | £181,000 | 21 Jan 2026 |
19, REED CLOSE PE16 6PD | Semi-detached | £153,000 | 16 Jan 2026 |
1, JOSHUA CLOSE PE16 6QU | Semi-detached | £200,000 | 16 Jan 2026 |
8, FAIRVIEW AVENUE PE16 6QW | Semi-detached | £220,000 | 9 Jan 2026 |
19, ST FRANCIS DRIVE PE16 6BS | Detached | £415,000 | 8 Jan 2026 |
1, HALSBURY COURT PE16 6HB | Detached | £315,000 | 8 Jan 2026 |
42, WHITEMILL ROAD PE16 6PG | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in PE16 sold for £247,333 in 2026, with a median of £210,000 across 6 transactions. Prices fell 0.5% compared to the previous year.
| £235,000 |
| 19 Dec 2025 |
30, ST MARTINS ROAD PE16 6JF | Semi-detached | £257,500 | 19 Dec 2025 |
34, GULL WAY PE16 6DT | Detached | £295,000 | 19 Dec 2025 |
6, PORTERS YARD PE16 6NS | Detached | £640,000 | 19 Dec 2025 |
27A, PARK STREET PE16 6AD | Terraced | £75,000 | 19 Dec 2025 |
3, BRIDGE STREET PE16 6RD | Terraced | £175,000 | 19 Dec 2025 |
40, WOOD STREET PE16 6LJ | Detached | £295,000 | 19 Dec 2025 |
25, THE ELMS PE16 6JN | Semi-detached | £190,000 | 18 Dec 2025 |
21, ST PAULS DRIVE PE16 6DG | Semi-detached | £220,000 | 18 Dec 2025 |
49, GREEN PARK PE16 6DJ | Detached | £390,000 | 18 Dec 2025 |
2, SADDLERS WAY PE16 6BL | Detached | £272,000 | 15 Dec 2025 |
17, LINDSELLS WALK PE16 6PW | Terraced | £185,000 | 12 Dec 2025 |
31B, LONDON ROAD PE16 6AS | Terraced | £260,000 | 12 Dec 2025 |
5, FILLENHAM WAY PE16 6FW | Semi-detached | £230,000 | 12 Dec 2025 |
The most recent recorded sale in PE16 was a semi-detached property on Green Park for £181,000 in January 2026. Across the last 20 sales, the median price was £235,000.