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House Prices in PE3 House Prices in PE3 (Peterborough)

The average house price in PE3 (Peterborough) is £267,090 using HM Land Registry data.

The average property price increased by £68,698 (9.01%) over the last 5 years and increased by £13,765 (1.54%) over the last 12 months.

Over the last year, there were 184 residential property sales – a decrease of 104 transactions (-56.52%) relative to the previous year. The majority of house sales (60) were in the £150,000 - £208,000 range. Then came properties in the £208,000 - £266,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,220 (-2%).

In Oct 24, there were 51 new estate agency instructions, 30 agreed home sales and 34 property price reductions.

Nearby Postcodes: CB23, CB24, CB6, CB7, IP25, IP26, IP27, LN10, LN11, LN13, LN4, LN9, MK44, NG33, NG34, NN14, NN9, NR19, NR20, NR21, NR23, PE1, PE10, PE11, PE12, PE13, PE14, PE15, PE16, PE19, PE2, PE20, PE21, PE22, PE23, PE24, PE25, PE26, PE27, PE28, PE29, PE30, PE31, PE32, PE33, PE34, PE35, PE36, PE37, PE38, PE4, PE5, PE6, PE7, PE8, PE9, SG19

5-Year Average Property Prices in PE3 (Peterborough)

9.01%

Property prices in Peterborough increased by 9.01% 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 PE3 (Peterborough) Over the Last Year

1.54%

Property prices in Peterborough increased by 1.54% 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 PE3 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 PE3 (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 PE3 (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 PE3 (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 PE3 (Peterborough) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PE3 postcode area since 1995.

Recent Sales in PE3 (Peterborough)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
56 Westwood Park Road, Peterborough, City Of Peterborough, PE3 6JL£400,000£364,000-£36,00020 Mar 202414 Aug 2024147 Days
6 Woodfield Road, Peterborough, City Of Peterborough, PE3 6HD£375,000£360,000-£15,00008 Jan 202412 Aug 2024217 Days
62 Chelveston Way, Peterborough, City Of Peterborough, PE3 7EQ£150,000£143,000-£7,00026 Apr 202409 Aug 2024105 Days
60 Mountbatten Way, Peterborough, City Of Peterborough, PE3 7JT£235,000£225,000-£10,00009 Feb 202402 Aug 2024175 Days
47 Dunsberry, Bretton, Peterborough, City Of Peterborough, PE3 8LA£325,000£315,000-£10,00005 Sep 202331 Jul 2024330 Days
45 Pyhill, Bretton, Peterborough, City Of Peterborough, PE3 8QQ£190,000£185,000-£5,00021 Dec 202331 Jul 2024223 Days
49 Dunsberry, Bretton, Peterborough, City Of Peterborough, PE3 8LA£375,000£365,000-£10,00028 Mar 202426 Jul 2024120 Days
52 White Cross, Peterborough, City Of Peterborough, PE3 7LP£180,000£175,000-£5,00009 Jan 202416 Jul 2024189 Days
51 Eyrescroft, Bretton, Peterborough, City Of Peterborough, PE3 8ET£215,000£205,500-£9,50001 Feb 202428 Jun 2024148 Days
32 Clifton Avenue, Peterborough, City Of Peterborough, PE3 6AY£230,000£220,000-£10,00009 Feb 202427 Jun 2024139 Days
6 Artis Court, Bretton, Peterborough, City Of Peterborough, PE3 6FE£170,000£166,000-£4,00001 May 202425 Jun 202455 Days
6 Auborn Gardens, Peterborough, City Of Peterborough, PE3 9QG£310,000£303,000-£7,00003 Jan 202421 Jun 2024170 Days
392 Thorpe Road, Peterborough, City Of Peterborough, PE3 6NB£500,000£450,000-£50,00028 Mar 202421 Jun 202485 Days
4 Peddars Way, Peterborough, City Of Peterborough, PE3 9NQ£325,000£323,000-£2,00021 Mar 202421 Jun 202492 Days
58 Brookfurlong, Peterborough, City Of Peterborough, PE3 7LQ£140,000£131,500-£8,50012 Mar 202407 Jun 202487 Days
11 Outfield, Bretton, Peterborough, City Of Peterborough, PE3 8JW£180,000£177,000-£3,00001 Mar 202404 Jun 202495 Days
95 Hyholmes, Bretton, Peterborough, City Of Peterborough, PE3 8LL£350,000£340,000-£10,00004 Oct 202331 May 2024240 Days
58 Mewburn, Bretton, Peterborough, City Of Peterborough, PE3 8SG£215,000£210,000-£5,00012 Jun 202328 May 2024351 Days
36 Stamper Street, Bretton, Peterborough, City Of Peterborough, PE3 9JS£200,000£195,000-£5,00009 Jan 202417 May 2024129 Days
7 Fawsley Garth, Peterborough, City Of Peterborough, PE3 7JD£285,000£285,000£0019 Mar 202407 May 202449 Days

Most Expensive Streets in PE3 (Peterborough)

PostcodeStreetAreaAverageNo. of Sales
PE3 6LAThorpe AvenuePeterborough£809,6663
PE3 6NLMagdellan CourtPeterborough£701,6663
PE3 6LSLongthorpe GreenPeterborough£700,5004
PE3 6GAThorpe MeadowsPeterborough£671,0003
PE3 6LXThorpe RoadPeterborough£619,4005
PE3 6SSHolywell WayPeterborough£597,3889
PE3 6LDThurlaston ClosePeterborough£586,6663
PE3 6JLWestwood Park RoadPeterborough£584,57214
PE3 6GXMemorial WayPeterborough£575,6005
PE3 6GERiverside GardensPeterborough£532,6666

Least Expensive Streets in PE3 (Peterborough)

PostcodeStreetAreaAverageNo. of Sales
PE3 6DJAshfields, The DrivePeterborough£110,3005
PE3 6ENPeterhouse ClosePeterborough£112,08312
PE3 6BTVintners ClosePeterborough£121,3333
PE3 9TNLime Kiln ClosePeterborough£122,6005
PE3 8EJBarnstock, BrettonPeterborough£123,2504
PE3 9YADeerleap, BrettonPeterborough£124,8333
PE3 9PLAudley House, Audley GatePeterborough£127,3333
PE3 9YDDeerleap, BrettonPeterborough£127,4166
PE3 7EQChelveston WayPeterborough£128,0004
PE3 9QPStoneleigh CourtPeterborough£129,8754

Explore PE3 (Peterborough) using map

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