Market outlook for PE15
Key indicators for buyers
The PE15 market is moderately favourable for buyers. Prices have softened (-6.6%), 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 £233,636 with a 25% deposit (£58k), a 2-year fixed mortgage at 3.97% costs around £922 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses PE15 avg. price with Fenland rental data
Monthly mortgage payments (£922) are £93 more than renting (£829). However, buying requires an upfront deposit of £58k — it would take around 11 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 |
|---|---|---|---|
9, CARPENTERS WAY, DODDINGTON PE15 0RZ | Terraced | £150,000 | 28 Jan 2026 |
73, NENE PARADE PE15 8TA | Semi-detached | £200,000 | 23 Jan 2026 |
12, FOXGLOVE WAY PE15 8RU | Semi-detached | £270,000 | 23 Jan 2026 |
26, CEDAR AVENUE, DODDINGTON PE15 0LD | Detached | £320,000 | 21 Jan 2026 |
307, NORWOOD ROAD PE15 8JN | Detached | £160,000 | 14 Jan 2026 |
11, OAKTREE CLOSE PE15 8BW | Semi-detached | £175,000 | 9 Jan 2026 |
10, EASTWOOD END, WIMBLINGTON PE15 0QQ | 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.