Local market reports › PE area › PE38 › PE38 9
Salters Lode market report PE38 9, Downham Market
The PE38 9 (Salters Lode) house price history in full, 1995 to 2026, in cash and in today's money. Every figure on this page comes from the public record: 8,152 sales registered with HM Land Registry in PE38 9 (Downham Market) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here is a valuation, an estimate or an asking price.
Sales recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release. Page updated 19 October 2026.
In short: 116 registered 2026 sales put the PE38 9 (Downham Market) median at £267,500, up 18% on five years earlier, with a mean of £288,400, and by floor area homes here have averaged about £3,100 per square metre over the last five years. Everything rests on 8,152 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
A postcode sector like PE38 9 is a single group of streets within PE38 (Downham Market), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where PE38 9 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
Today's PE38 9 prices, from the sold record
Take the 116 registered 2026 sales in PE38 9 and the middle price, the median, is £267,500. The mean lands at £288,400, somewhat above it, as happens wherever a market carries an expensive tail.
House prices per square metre in PE38 9
A square metre of PE38 9 home has cost about £3,100 on average across the last five years of sales, using the floor area on each home's Energy Performance Certificate: the measure that puts a studio and a five-bed on the same footing.
Set against the £285,000 England and Wales median, PE38 9 sits 6% below the national market.
A typical PE38 9 home, priced year by year (1995 to 2026)
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £267,500 | £267,500 | 116 |
| 2025 | £266,200 | £272,566 | 250 |
| 2024 | £252,000 | £267,928 | 193 |
| 2023 | £265,000 | £291,170 | 190 |
| 2022 | £250,000 | £293,154 | 243 |
| 2021 | £227,500 | £288,044 | 290 |
| 2020 | £217,500 | £282,211 | 205 |
| 2019 | £212,800 | £278,930 | 248 |
| 2018 | £210,000 | £279,934 | 221 |
| 2017 | £205,000 | £279,599 | 256 |
| 2016 | £185,000 | £258,817 | 333 |
| 2015 | £176,800 | £249,818 | 348 |
| 2014 | £165,000 | £234,081 | 305 |
| 2013 | £158,000 | £227,346 | 243 |
| 2012 | £150,800 | £221,959 | 240 |
| 2011 | £141,000 | £212,856 | 226 |
| 2010 | £140,000 | £219,556 | 202 |
| 2009 | £145,000 | £233,089 | 172 |
| 2008 | £152,000 | £249,160 | 184 |
| 2007 | £160,000 | £271,405 | 380 |
| 2006 | £155,000 | £269,060 | 449 |
| 2005 | £150,000 | £266,940 | 336 |
| 2004 | £147,500 | £267,889 | 415 |
| 2003 | £134,000 | £246,860 | 285 |
| 2002 | £118,600 | £223,145 | 358 |
| 2001 | £85,000 | £163,408 | 293 |
| 2000 | £71,800 | £140,908 | 287 |
| 1999 | £60,000 | £119,577 | 224 |
| 1998 | £58,000 | £117,077 | 149 |
| 1997 | £54,400 | £111,563 | 178 |
| 1996 | £51,500 | £108,611 | 172 |
| 1995 | £52,000 | £113,040 | 161 |
In cash terms the typical PE38 9 home went from £52,000 in 1995 to £267,500 in 2026, roughly 5 times the price. Inflation explains only part of it: in today's money the rise is still about 137%, a genuine increase in what a home here costs. In inflation-adjusted terms the high-water mark was 2022. The market now sits about 9% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the PE38 9 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2002 (+39.5% on the year before); the weakest, 2008 (−5.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What PE38 9 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 year (since 2025) | +0.5% | −1.9% |
| 5 years (since 2021) | +3.3% | −1.5% |
| 6 years (since 2020) | +3.5% | −0.9% |
| 10 years (since 2016) | +3.8% | +0.3% |
| 20 years (since 2006) | +2.8% | 0.0% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
Sales activity in PE38 9
How many homes change hands
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
PE38 9 recorded 116 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 350 sales a year before the financial crisis and 198 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
The rental side of PE38 9
For renting purposes PE38 9 sits in King's Lynn and West Norfolk. The ONS average private rent there is £935 a month (May 2026). The spread runs from £646 a month for a typical one-bed to £1,502 at four-plus bedrooms, which is size doing most of the pricing.
Average monthly rent by size, King's Lynn and West Norfolk
ONS Price Index of Private Rents, May 2026.
Against the £267,500 median purchase price, a rent of £935 a month (£11,220 a year) works out at a 4.2% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
Asked and answered: PE38 9 (Salters Lode)
Are property prices falling in PE38 9 (Salters Lode)?
Is PE38 9 (Salters Lode) a good place to buy a house?
How much did a house sell for in PE38 9 (Salters Lode)?
Will PE38 9 prices rise from here?
Prediction is not this page's business. Its business is the record, which says: the median is up 18% over five years in cash but down 7% after inflation. Read the volume chart with the price chart before acting on either, remembering that registrations trail the deals themselves by weeks.
Moving up a bedroom in PE: the cost
Real sold prices by size across the PE area, straight from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | £212,000 | £240,000 (+13%) | £291,000 (+21%) | £379,995 (+31%) | £485,000 (+28%) |
| Semi-detached | £178,000 | £202,000 (+13%) | £237,000 (+17%) | £285,000 (+20%) | £350,000 (+23%) |
| Terraced | £147,000 | £184,000 (+25%) | £210,000 (+14%) | £260,000 (+24%) | £330,000 (+27%) |
| Flat | £113,000 | £142,000 (+26%) | £190,000 (+34%) | £270,000 (+42%) | £265,000 (-2%) |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
The spread across the PE area is the point: the same five years treated these districts very differently.
Five-year change in the median, PE area districts
Cash-terms risers and fallers across the area; click any row for that district's full report.
Other sectors in PE38
Prices can differ sharply between two sectors a few minutes' walk apart. The rest of PE38, each linking to its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| PE38 0 | £267,500 | 33 |
Zoom out to the full PE38 district report for the type split, monthly volumes and how PE38 compares with its neighbours.
Selling in PE38 9? Start from the sold record
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in PE38 9, open the average prices map and zoom from the PE38 9 shading down to the sold homes on your own street. Every recorded PE38 9 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Keep digging
The AI answers from the same Land Registry data this report is built on, already scoped to PE38 9. Free after a one click sign in.
See every individual PE38 9 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.