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House Prices in PE2 House Prices in PE2 (Peterborough)

The average house price in PE2 (Peterborough) is £231,666 using HM Land Registry data.

The average property price increased by £71,880 (35.14%) over the last 5 years and increased by £14,370 (4.99%) over the last 12 months.

Over the last year, there were 441 residential property sales – a decrease of 333 transactions (-75.51%) relative to the previous year. The majority of house sales (105) were in the £188,000 - £236,000 range. Then came properties in the £236,000 - £284,000 range, where 99 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,888 (-3%).

In June 2024, there were 131 new estate agency instructions, 76 agreed home sales and 83 property price reductions.

Nearby Postcodes: CB23, CB24, CB6, CB7, IP25, IP26, IP27, LE15, LN10, LN11, LN13, LN4, LN9, MK44, NG33, NG34, NN14, NN17, NN9, NR19, NR20, NR21, NR23, PE1, PE10, PE11, PE12, PE13, PE14, PE15, PE16, PE19, PE20, PE21, PE22, PE23, PE24, PE25, PE26, PE27, PE28, PE29, PE3, PE30, PE31, PE32, PE33, PE34, PE35, PE36, PE37, PE38, PE4, PE5, PE6, PE7, PE8, PE9, SG19

5-Year Average Property Prices in PE2 (Peterborough)

35.14%

Property prices in Peterborough increased by 35.14% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PE2 (Peterborough) Over the Last Year

4.99%

Property prices in Peterborough increased by 4.99% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for PE2 (Peterborough) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PE2 (Peterborough)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PE2 (Peterborough)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PE2 (Peterborough)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PE2 (Peterborough) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PE2 postcode area since 1995.

Recent Sales in PE2 (Peterborough)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
28 Spencer Avenue, Stanground, Peterborough, City Of Peterborough, PE2 8QH£210,000£190,000-£20,00022 Jan 202401 May 2024100 Days
251 Coneygree Road, Stanground, Peterborough, City Of Peterborough, PE2 8LR£220,000£220,000£0020 Nov 202319 Apr 2024151 Days
149 Belsize Avenue, Peterborough, City Of Peterborough, PE2 9HY£180,000£179,000-£1,00001 Jan 202419 Apr 2024109 Days
21 Svenskaby, Orton Wistow, Peterborough, City Of Peterborough, PE2 6YZ£500,000£487,500-£12,50012 Jan 202412 Apr 202491 Days
7 Goodacre, Orton Goldhay, Peterborough, City Of Peterborough, PE2 5NZ£230,000£210,000-£20,00030 Aug 202328 Mar 2024211 Days
116 Albany Walk, Woodston, Peterborough, City Of Peterborough, PE2 9JW£200,000£200,000£0006 Oct 202328 Mar 2024174 Days
34 Valence Road, Orton Waterville, Peterborough, City Of Peterborough, PE2 5HJ£240,000£235,000-£5,00014 Aug 202325 Mar 2024224 Days
35 Farriers Court, Orton Longueville, Peterborough, City Of Peterborough, PE2 7DX£210,000£210,000£0026 Dec 202315 Mar 202480 Days
10 Orchard Mews, Peterborough, City Of Peterborough, PE2 9AR£175,000£175,000£0009 Nov 202311 Mar 2024123 Days
119 Saltmarsh, Orton Malborne, Peterborough, City Of Peterborough, PE2 5NW£95,000£93,000-£2,00003 Oct 202306 Mar 2024155 Days
86 Hinchcliffe, Orton Goldhay, Peterborough, City Of Peterborough, PE2 5SS£175,000£173,000-£2,00007 Dec 202301 Mar 202485 Days
16 Barley Mews, Peterborough, City Of Peterborough, PE2 9QL£130,000£120,000-£10,00002 Aug 202309 Feb 2024191 Days
12 Hetley, Orton Goldhay, Peterborough, City Of Peterborough, PE2 5QF£200,000£195,000-£5,00011 Aug 202326 Jan 2024168 Days
54 Desborough Avenue, Peterborough, City Of Peterborough, PE2 8RF£225,000£191,500-£33,50023 Oct 202326 Jan 202495 Days
54 Desborough Avenue, Peterborough, City Of Peterborough, PE2 8RF£270,000£191,500-£78,50023 Oct 202326 Jan 202495 Days
3 Stagsden, Orton Goldhay, Peterborough, City Of Peterborough, PE2 5RW£190,000£190,000£0013 Sep 202326 Jan 2024135 Days
164 London Road, Peterborough, City Of Peterborough, PE2 9DU£280,000£275,000-£5,00008 Sep 202322 Jan 2024136 Days
26 Humphrys Street, Peterborough, City Of Peterborough, PE2 9RH£375,000£375,000£0017 Sep 202318 Jan 2024123 Days
16 Desborough Avenue, Peterborough, City Of Peterborough, PE2 8RG£260,000£249,000-£11,00012 Sep 202309 Jan 2024119 Days
30 Chisenhale, Orton Waterville, Peterborough, City Of Peterborough, PE2 5FP£590,000£575,000-£15,00006 Jun 202309 Jan 2024217 Days

Most Expensive Streets in PE2 (Peterborough)

PostcodeStreetAreaAverageNo. of Sales
PE2 7DPThe Village, Orton LonguevillePeterborough£616,0003
PE2 7DJOundle Road, Orton LonguevillePeterborough£601,2504
PE2 6FELyndale Park, Orton WistowPeterborough£593,3333
PE2 7ZWTrienna, Orton LonguevillePeterborough£574,5836
PE2 6BSArbroath Gardens, Orton NorthgatePeterborough£568,3333
PE2 5FHVetchfield, Orton BrimblesPeterborough£546,2504
PE2 6YZSvenskaby, Orton WistowPeterborough£527,65010
PE2 5EFCherry Orton Road, Orton WatervillePeterborough£502,2005
PE2 5FPChisenhale, Orton WatervillePeterborough£487,50010
PE2 7EBGrange Crescent, Orton LonguevillePeterborough£480,0003

Least Expensive Streets in PE2 (Peterborough)

PostcodeStreetAreaAverageNo. of Sales
PE2 5PPHomenene House, BushfieldPeterborough£48,25010
PE2 9ELPhorpres Court, St Margarets RoadPeterborough£82,0003
PE2 5TQMisterton Court, Orton GoldhayPeterborough£85,50013
PE2 5RQBushfield House, BushfieldPeterborough£85,7316
PE2 8JJAppleyardPeterborough£95,3333
PE2 8NGStagshaw DrivePeterborough£103,5006
PE2 8NJHadrians CourtPeterborough£104,59011
PE2 9LPFlamborough Close, WoodstonPeterborough£106,57613
PE2 8DSFellowes RoadPeterborough£107,38217
PE2 8NHHadrians CourtPeterborough£108,9916

Explore PE2 (Peterborough) using map

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