Market outlook for PE13
Key indicators for buyers
The PE13 market is moderately favourable for buyers. Prices have softened (-24.9%), which could present a buying opportunity. 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.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
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.
Rental trends
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.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Fenland price of £167,778 with a 25% deposit (£42k), a 2-year fixed mortgage at 3.97% costs around £662 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses PE13 avg. price with Fenland rental data
Monthly mortgage payments (£662) are £167 less than renting (£829). However, buying requires an upfront deposit of £42k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
110, NORWICH ROAD PE13 2BA | Semi-detached | £210,000 | 23 Jan 2026 |
94, MONEY BANK PE13 2JF | Semi-detached | £83,000 | 23 Jan 2026 |
10, SAYERS CRESCENT, WISBECH ST MARY PE13 4AS | Semi-detached | £200,000 | 19 Jan 2026 |
8, FALKLANDS DRIVE PE13 2HX | Semi-detached | £182,500 | 12 Jan 2026 |
19, THE BANK, PARSON DROVE PE13 4JD | Semi-detached | £125,000 | 12 Jan 2026 |
40, ELM ROAD PE13 2TB | Terraced | £80,000 | 9 Jan 2026 |
6, KINGSLEY AVENUE PE13 2PD | 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.