Railway Road - PE38 9EL
Key Postcode Insights
PE38 9EL is a residential postcode situated on Railway Road, Downham Market, PE38 with 24 addresses.
It ranks as the 769th largest and 110th most expensive of the 970 postcodes in the PE38 area. The most common property type is a period flat built between 1800 and 1911.
The postcode contains a total of 24 properties: 16 houses and 8 flats.
- Ave. Sale Price
- £160,583
- 10 Year change
- up 27.2%
- Ave. Rental Price
- £786pcm
- 10 Year change
- up 40.6%
- Ave. £ per ft²
- £208/ft²
- Ave. Gross Yield
- 5.9%/year/yr
Key Postcode Insights
PE38 9EL is a residential postcode situated on Railway Road, Downham Market, PE38 with 24 addresses.
It ranks as the 769th largest and 110th most expensive of the 970 postcodes in the PE38 area. The most common property type is a period flat built between 1800 and 1911.
The postcode contains a total of 24 properties: 16 houses and 8 flats.
- Ave. Sale Price
- £160,583
- 10 Year change
- up 27.2%
- Ave. Rental Price
- £786pcm
- 10 Year change
- up 40.6%
- Ave. £ per ft²
- £208/ft²
- Ave. Gross Yield
- 5.9%/year/yr
Explore Propertiesin PE38 9EL
- Old Station Hotel
Period Building | 6 Units
- 54 Railway Road
3 Bed Period House
- 56 Railway Road
3 Bed Period House
- 58 Railway Road
3 Bed Period House
- 60A Railway Road
3 Bed Modern House
Sales Market Trends
The last sale in PE38 9EL sold for £197,000 on 31st July 2025. Since then prices are down an average of 2.6%.
The current average value in the postcode is £160,583.
The PE38 9EL Sales Market has increased by 27.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.5% | £160,583 |
| June 2025 | -1.6% | £164,724 |
| June 2024 | -2.3% | £167,485 |
| June 2023 | 3.7% | £171,371 |
| June 2022 | 13.1% | £165,234 |
| June 2021 | 5.3% | £146,117 |
| June 2020 | 0.4% | £138,810 |
| June 2019 | -3.2% | £138,244 |
| June 2018 | 3.9% | £142,824 |
| June 2017 | 8.9% | £137,455 |
| June 2016 | 7.2% | £126,261 |
| June 2015 | 4.7% | £117,804 |
| June 2014 | 4.4% | £112,534 |
| June 2013 | 1.3% | £107,765 |
| June 2012 | 2.5% | £106,378 |
| June 2011 | -2% | £103,831 |
| June 2010 | 0.1% | £105,989 |
| June 2009 | -10.1% | £105,864 |
| June 2008 | -0.6% | £117,725 |
| June 2007 | 0% | £118,458 |
Rental Market Trends
The current average rental value in the postcode is £786.
The PE38 9EL Rental Market has increased by 40.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.6% | £786pcm |
| June 2025 | 2.9% | £766pcm |
| June 2024 | 8.1% | £745pcm |
| June 2023 | 5.7% | £689pcm |
| June 2022 | 8.8% | £651pcm |
| June 2021 | 3.8% | £599pcm |
| June 2020 | 1.2% | £577pcm |
| June 2019 | 0% | £570pcm |
| June 2018 | 1.3% | £570pcm |
| June 2017 | 0.6% | £563pcm |
| June 2016 | 4.6% | £559pcm |
| June 2015 | 4.6% | £535pcm |
| June 2014 | 2.6% | £512pcm |
| June 2013 | 2.7% | £498pcm |
| June 2012 | -0.1% | £485pcm |
| June 2011 | 3.5% | £485pcm |
| June 2010 | 3% | £469pcm |
| June 2009 | -5.9% | £456pcm |
| June 2008 | -0.2% | £484pcm |
| June 2007 | 0% | £485pcm |
Sales History
The last sale was on 31st July 2025 for £197,000 and since then the market in the area has decreased by 2.6%. The postcode has had a total of 42 sales since 1995.
PE38 9EL has seen 3 sales in the last three years and 1 sale in the last twelve months.
- Sold Jul 2025£197,000 | 3 Bed House54, Railway Road, Downham Market, PE38 9EL54, Railway Road, Downham Market, PE38 9EL
- Sold Dec 2024£168,000 | 3 Bed House56, Railway Road, Downham Market, PE38 9EL56, Railway Road, Downham Market, PE38 9EL
- Sold Apr 2024£20,000 | 2 Bed Flat65A, Railway Road, Downham Market, PE38 9EL65A, Railway Road, Downham Market, PE38 9EL
- Sold Feb 2021£150,000 | 3 Bed House56, Railway Road, Downham Market, PE38 9EL56, Railway Road, Downham Market, PE38 9EL
- Sold Dec 2017£267,500 | 4 Bed House62, Railway Road, Downham Market, PE38 9EL62, Railway Road, Downham Market, PE38 9EL
Nearby Postcodes
PE38 9EL is the 769th largest and the 110th most expensive postcode out of the 970 postcodes in the PE38 area.
- PE38 9EY, Heather Court, Downham Market, PE38PE38 9EY8 Addresses|76 m away
- PE38 9EX, James Scott Close, Downham Market, PE38PE38 9EX37 Addresses|85 m away
- PE38 9EW, Railway Road, Downham Market, PE38PE38 9EW4 Addresses|89 m away
- PE38 9DZ, Clover Lane, Downham Market, PE38PE38 9DZ5 Addresses|93 m away
- PE38 9EF, Brickfields Lane, Downham Market, PE38PE38 9EF13 Addresses|120 m away
Property Types
- 9 period houses built between 1800 and 1911
- 10 period flats built between 1800 and 1911
- 1 modern house built after 1980
- 1 house of an unknown age
- 3 other addresses of unknown type
- period house (9)
- period flat (10)
- modern house (1)
- house (1)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 16 properties.
- The most common rating is D.
- A (0)
- E (5)
- B (0)
- F (3)
- C (3)
- G (0)
- D (5)
- No EPC (8)
Top 3 Most Expensive Sales
- Sold Aug 2021£785,000 | 5 Bed House42, Railway Road, Downham Market, PE38 9EB42, Railway Road, Downham Market, PE38 9EB
- Sold May 2022£630,000 | 5 Bed House19, Railway Road, Downham Market, PE38 9DX19, Railway Road, Downham Market, PE38 9DX
- Sold Jan 2008£620,000 | 5 Bed House42, Railway Road, Downham Market, PE38 9EB42, Railway Road, Downham Market, PE38 9EB
Schools Nearby
- Nelson Academy700 m away
- Downham Market, Hillcrest Primary School1.8 km away
- Denver Voluntary Controlled Primary School1.9 km away
- Downham Market Academy1.5 km away
- Thomas Clarkson Academy14.7 km away
- The Wisbech Academy15.1 km away
More reading links
Public Transport Nearby
The closest station to PE38 9EL is Downham Market station, which is 100 metres away.
- Downham Market|100 m away
- Watlington|7.8 km away
- Littleport|16.0 km away
- Kings Lynn|16.9 km away
