PE38 9LW is a residential postcode situated on Orchard Close, Downham Market, PE38 with 11 addresses.
It ranks as the 470th largest and 398th most expensive of the 970 postcodes in the PE38 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 11 properties: 11 houses.
PE38 9LW is a residential postcode situated on Orchard Close, Downham Market, PE38 with 11 addresses.
It ranks as the 470th largest and 398th most expensive of the 970 postcodes in the PE38 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 11 properties: 11 houses.
Sale prices range from £257,368 for 3 bedroom freehold houses with a garden (1,093 ft2) to £357,044 for 3 bedroom freehold houses with a garden (1,173 ft2) .
Monthly rental prices range from £1,287 pcm for 3 bed houses to £1,586 pcm for 3 bed houses.
The gross rental yield is between 5.1% and 6.0%.
The average value per square foot is £252.
The last sale in PE38 9LW sold for £350,000 on 11th July 2024. Since then prices are down an average of 1.7%.
The current average value in the postcode is £287,263.
The PE38 9LW Sales Market has increased by 43.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.1% | £287,263 |
| April 2025 | -0.5% | £290,604 |
| April 2024 | -3.4% | £292,060 |
| April 2023 | 6.4% | £302,437 |
| April 2022 | 13.7% | £284,368 |
| April 2021 | 6.8% | £250,107 |
| April 2020 | 0.8% | £234,096 |
| April 2019 | -1.7% | £232,256 |
| April 2018 | 6.2% | £236,183 |
| April 2017 | 11.1% | £222,419 |
| April 2016 | 5.4% | £200,141 |
| April 2015 | 6.1% | £189,859 |
| April 2014 | 4.5% | £178,890 |
| April 2013 | 2.2% | £171,179 |
| April 2012 | 2.8% | £167,501 |
| April 2011 | -2.1% | £162,980 |
| April 2010 | 3.2% | £166,456 |
| April 2009 | -10.1% | £161,352 |
| April 2008 | 3.3% | £179,544 |
| April 2007 | 0% | £173,813 |
The current average rental value in the postcode is £1,361.
The PE38 9LW Rental Market has increased by 51.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.1% | £1,361pcm |
| April 2025 | 4.8% | £1,346pcm |
| April 2024 | 5.7% | £1,284pcm |
| April 2023 | 9% | £1,215pcm |
| April 2022 | 6.1% | £1,114pcm |
| April 2021 | 6.6% | £1,050pcm |
| April 2020 | 2.2% | £984pcm |
| April 2019 | -0.1% | £964pcm |
| April 2018 | 3% | £965pcm |
| April 2017 | 4.6% | £937pcm |
| April 2016 | 6% | £896pcm |
| April 2015 | 3.2% | £846pcm |
| April 2014 | 3.9% | £820pcm |
| April 2013 | 3.4% | £789pcm |
| April 2012 | 2.3% | £763pcm |
| April 2011 | 2.7% | £746pcm |
| April 2010 | -0.4% | £726pcm |
| April 2009 | -6% | £729pcm |
| April 2008 | 4.3% | £776pcm |
| April 2007 | 0% | £744pcm |
The last sale was on 11th July 2024 for £350,000 and since then the market in the area has decreased by 1.7%. The postcode has had a total of 14 sales since 1995.
PE38 9LW has seen 1 sale in the last three years and no sales in the last twelve months.
PE38 9LW is the 470th largest and the 398th most expensive postcode out of the 970 postcodes in the PE38 area.
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The closest station to PE38 9LW is Downham Market station which is 1.3 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around PE38 9LW, 47.4% of property is privately owned outright and 34.8% is privately owned with a mortgage.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around PE38 9LW, 23.7% of residents are recorded as possessing school level qualifications and 25.8% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around PE38 9LW, the average age was 46.5 and the most common age was 72.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around PE38 9LW, 0.3% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around PE38 9LW, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.