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House Prices in PE2 House Prices in PE2 (Peterborough)

The average house price in PE2 (Peterborough) is £274,369 using HM Land Registry data.

The average property price increased by £67,168 (35.14%) over the last 5 years and increased by £13,458 (4.99%) over the last 12 months.

Over the last year, there were 401 residential property sales – a decrease of 262 transactions (-65.34%) relative to the previous year. The majority of house sales (103) were in the £194,000 - £248,000 range. Then came properties in the £140,000 - £194,000 range, where 88 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,888 (-3%).

In Oct 24, there were 104 new estate agency instructions, 78 agreed home sales and 105 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) - Oct 24

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
141 Fletton Avenue, Peterborough, City Of Peterborough, PE2 8BY£240,000£240,000£0003 Oct 202323 Aug 2024325 Days
4 Carrier Close, Peterborough, City Of Peterborough, PE2 9SB£260,000£254,000-£6,00008 May 202420 Aug 2024104 Days
180 Palmerston Road, Woodston, Peterborough, City Of Peterborough, PE2 9DF£230,000£225,000-£5,00001 May 202409 Aug 2024100 Days
43 Toftland, Orton Malborne, Peterborough, City Of Peterborough, PE2 5PF£185,000£180,000-£5,00003 Apr 202401 Aug 2024120 Days
9 Houghton Avenue, Stanground, Peterborough, City Of Peterborough, PE2 8UR£360,000£340,000-£20,00015 Feb 202429 Jul 2024165 Days
20 Venus Way, Stanground, Peterborough, City Of Peterborough, PE2 8GF£285,000£280,000-£5,00026 Feb 202425 Jul 2024150 Days
19 Wootton Avenue, Peterborough, City Of Peterborough, PE2 9EE£190,000£190,000£0019 Mar 202419 Jul 2024122 Days
142 Coneygree Road, Stanground, Peterborough, City Of Peterborough, PE2 8LQ£260,000£250,000-£10,00021 Mar 202417 Jul 2024118 Days
37 Chisenhale, Orton Waterville, Peterborough, City Of Peterborough, PE2 5FP£550,000£550,000£0001 Feb 202417 Jul 2024167 Days
12 Manor Gardens, Peterborough, City Of Peterborough, PE2 8HG£249,995£248,000-£1,99515 Apr 202412 Jul 202488 Days
24 Thornleigh Drive, Orton Longueville, Peterborough, City Of Peterborough, PE2 7AJ£290,000£290,000£0031 Jan 202412 Jul 2024163 Days
22 Rayner Avenue, Peterborough, City Of Peterborough, PE2 8TS£280,000£280,000£0013 May 202411 Jul 202459 Days
23 Oundle Road, Peterborough, City Of Peterborough, PE2 9PB£339,000£315,000-£24,00014 Mar 202405 Jul 2024113 Days
205 Fletton Avenue, Peterborough, City Of Peterborough, PE2 8DE£240,000£235,000-£5,00010 Feb 202405 Jul 2024146 Days
27 Desborough Avenue, Peterborough, City Of Peterborough, PE2 8RF£260,000£245,000-£15,00007 Mar 202402 Jul 2024117 Days
30 Orton Avenue, Peterborough, City Of Peterborough, PE2 9HJ£200,000£183,000-£17,00008 Apr 202428 Jun 202481 Days
33 Fallowfield, Orton Wistow, Peterborough, City Of Peterborough, PE2 6UR£425,000£425,000£0024 Oct 202328 Jun 2024248 Days
92 Coneygree Road, Stanground, Peterborough, City Of Peterborough, PE2 8JY£325,000£307,000-£18,00018 Aug 202326 Jun 2024313 Days
44 Borthwick Park, Orton Wistow, Peterborough, City Of Peterborough, PE2 6YY£415,000£405,000-£10,00009 Nov 202321 Jun 2024225 Days
77 Elstone, Orton Waterville, Peterborough, City Of Peterborough, PE2 5JZ£190,000£185,000-£5,00007 Mar 202419 Jun 2024104 Days

Most Expensive Streets in PE2 (Peterborough)

PostcodeStreetAreaAverageNo. of Sales
PE2 7QAEngaine, Orton LonguevillePeterborough£655,0003
PE2 7DPThe Village, Orton LonguevillePeterborough£615,5004
PE2 7DJOundle Road, Orton LonguevillePeterborough£601,2504
PE2 7ZWTrienna, Orton LonguevillePeterborough£584,5005
PE2 6BSArbroath Gardens, Orton NorthgatePeterborough£568,3333
PE2 6YZSvenskaby, Orton WistowPeterborough£529,65010
PE2 5FHVetchfield, Orton BrimblesPeterborough£522,0005
PE2 8HWMount PleasantPeterborough£509,6663
PE2 5EFCherry Orton Road, Orton WatervillePeterborough£502,2005
PE2 5FPChisenhale, Orton WatervillePeterborough£489,00010

Least Expensive Streets in PE2 (Peterborough)

PostcodeStreetAreaAverageNo. of Sales
PE2 5PPHomenene House, BushfieldPeterborough£48,6258
PE2 5TQMisterton Court, Orton GoldhayPeterborough£85,54511
PE2 8JJAppleyardPeterborough£95,3333
PE2 9QFAlbion Close, WoodstonPeterborough£95,9163
PE2 8NJHadrians CourtPeterborough£100,8339
PE2 8NGStagshaw DrivePeterborough£103,5006
PE2 9LPFlamborough Close, WoodstonPeterborough£108,40911
PE2 8NHHadrians CourtPeterborough£108,9916
PE2 8GLNeptune ClosePeterborough£110,2503
PE2 8DSFellowes RoadPeterborough£110,34316

Explore PE2 (Peterborough) using map

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