Market outlook for PE16
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.
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 £247,333 with a 25% deposit (£62k), a 2-year fixed mortgage at 3.97% costs around £976 per month.
Rent vs buy snapshot
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.
Recent sales
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.