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PE38

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New builds in PE38: what they really sell for.

9 new-build homes sold in PE38 in the last 12 months, 3% of all sales. New detached homes sold for a median £345,800, 6.4% more than existing ones.

Downham Market, covering Denver, Downham Old Town, East Downham, Feltwell, Littleport, Methwold, North Downham, South Downham.

New homes sold

9

3% of sales, last 12 months

New-build premium

+6.4%

Detached homes

Resold, vs market

+15.5%

Market +12.0%

Energy bills

~£455/yr

75% have solar

Developments

Where new homes have sold

New streets with three or more new-build sales in the last two years. Price per m² uses floor areas from each home's energy certificate.

Mosquito DrivePE38 9FL · detached, semi-detached, terraced · 11 sold · latest Nov 2025
£200k–£405k£3,661/m²
Prangley RoadPE38 9FW, PE38 9FX · detached, semi-detached, flat · 9 sold · latest Nov 2025
£145k–£376k£3,176/m²
St Marys WayPE38 9FH · detached, semi-detached, terraced · 10 sold · latest Sept 2025
£280k–£409k£3,484/m²
Merlin WayPE38 9FJ · detached, semi-detached · 9 sold · latest Sept 2025
£285k–£355k£3,618/m²

The premium

New against existing homes

Median sold prices over the last two years. New homes are often a different size, so this is a guide rather than a like-for-like comparison.

Detached

+6.4%

New £346k · existing £325k

19 new-build sales

Semi-detached

+30.1%

New £299k · existing £230k

17 new-build sales

Terraced

+35.1%

New £260k · existing £193k

5 new-build sales

Resale

Do new builds in PE38 hold their value?

Bought new, resold

+15.5%

Local market, same years

+12.0%

Kept pace

30 of 48

Typically held 4.1 years

Homes in PE38 that Land Registry records as bought new and later resold, against the UK house price index for the same type of home and years. Shared-ownership first sales are left out.

Running costs

What new homes here cost to run

Energy bills

~£455/yr

Typical 84 m² home

Typical rating

EPC B

Solar panels

75%

of homes

Heat pumps

0%

of homes

From the energy certificates of 32 recently built homes. Certificate costs use standard assumptions, so compare them rather than budget on them. A typical older D-rated home costs nearer £1,800 a year.

HM Land Registry price paid data, standard sales only, to September 2026. New homes appear once their sale is registered, usually a few weeks after completion.

Questions

How much more do new builds cost in PE38?

Over the last two years, new detached homes in PE38 sold for a median £345,800 against £325,000 for existing ones, a difference of +6.4%. New homes are often a different size or spec, so compare price per square metre for a specific plot.

Do new builds in PE38 hold their value?

48 homes in PE38 bought new and later resold changed by a median +15.5%, typically after 4.1 years. The local market moved +12.0% over the same periods, so new homes here have broadly kept pace.

Which new developments are selling in PE38?

Recent new-build sales recorded by Land Registry in PE38 include Mosquito Drive, Prangley Road, St Marys Way, Merlin Way. New streets appear once the first homes complete.

How do I know if a new build in PE38 is fairly priced?

Compare the asking price per square metre with plots already sold on the development, allow for the new-build premium, and negotiate extras as well as price. Proptel's new-build check does this for one plot for £9.99, with the extras to ask for and a letter for the sales office.

© 2026 Proptel · Property data for buyers