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House Prices in PE3 House Prices in PE3 (Peterborough)

The average house price in PE3 (Peterborough) is £295,178 using HM Land Registry data.

The average property price increased by £62,219 (9.01%) over the last 5 years and increased by £12,467 (1.54%) over the last 12 months.

Over the last year, there were 205 residential property sales – a decrease of 81 transactions (-39.51%) relative to the previous year. The majority of house sales (63) were in the £140,000 - £208,000 range. Then came properties in the £208,000 - £276,000 range, where 39 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 105 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,037 (-3%).

In Dec 24, there were 44 new estate agency instructions, 20 agreed home sales and 32 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) - Dec 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
158 Eyrescroft, Bretton, Peterborough, City Of Peterborough, PE3 8EX£260,000£240,000-£20,00012 Jun 202401 Nov 2024142 Days
35 Thorpe Park Road, Peterborough, City Of Peterborough, PE3 6LJ£475,000£475,000£0014 Jun 202425 Oct 2024133 Days
131 Thorpe Road, Peterborough, City Of Peterborough, PE3 6JH£695,000£695,000£0017 Apr 202424 Oct 2024190 Days
7 Teanby Court, Bretton, Peterborough, City Of Peterborough, PE3 9AT£325,000£320,000-£5,00010 Jul 202424 Oct 2024106 Days
16 Sovereign Place, Peterborough, City Of Peterborough, PE3 6DS£130,000£118,000-£12,00010 May 202421 Oct 2024164 Days
4 Elmore Road, Peterborough, City Of Peterborough, PE3 9PT£300,000£280,000-£20,00029 Mar 202409 Oct 2024194 Days
91 Ledbury Road, Peterborough, City Of Peterborough, PE3 9RA£270,000£255,000-£15,00006 Mar 202407 Oct 2024215 Days
63 Brookfurlong, Peterborough, City Of Peterborough, PE3 7LQ£195,000£189,000-£6,00009 Jul 202404 Oct 202487 Days
24 Westhawe, Bretton, Peterborough, City Of Peterborough, PE3 8BA£575,000£540,000-£35,00029 Apr 202403 Oct 2024157 Days
44 Atherstone Avenue, Peterborough, City Of Peterborough, PE3 9TY£395,000£385,000-£10,00011 Jun 202403 Oct 2024114 Days
4 Huntsmans Gate, Bretton, Peterborough, City Of Peterborough, PE3 9AU£525,000£515,000-£10,00014 Aug 202301 Oct 2024414 Days
55 Watergall, Bretton, Peterborough, City Of Peterborough, PE3 8NB£190,000£188,000-£2,00001 May 202427 Sep 2024149 Days
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

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 6SSHolywell WayPeterborough£597,3889
PE3 6LDThurlaston ClosePeterborough£586,6663
PE3 6LXThorpe RoadPeterborough£582,4005
PE3 6JLWestwood Park RoadPeterborough£577,26715
PE3 6GXMemorial WayPeterborough£575,6005
PE3 6GERiverside GardensPeterborough£532,6666

Least Expensive Streets in PE3 (Peterborough)

PostcodeStreetAreaAverageNo. of Sales
PE3 8HRStumpacre, BrettonPeterborough£106,5003
PE3 6DJAshfields, The DrivePeterborough£110,3005
PE3 6ENPeterhouse ClosePeterborough£114,30010
PE3 6BTVintners ClosePeterborough£121,3333
PE3 9TNLime Kiln ClosePeterborough£122,6005
PE3 8EJBarnstock, BrettonPeterborough£123,2504
PE3 9PLAudley House, Audley GatePeterborough£124,2504
PE3 7EQChelveston WayPeterborough£127,3333
PE3 9YDDeerleap, BrettonPeterborough£127,4166
PE3 9QPStoneleigh CourtPeterborough£129,8754

Explore PE3 (Peterborough) using map

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