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House Prices in PE3

The average house price in PE3 (Peterborough) is £231,356 using HM Land Registry data.

The average property price increased by £82,726 (9.01%) over the last 5 years and increased by £16,538 (1.54%) over the last 12 months.

Over the last year, there were 204 residential property sales – a decrease of 132 transactions (-64.71%) relative to the previous year. The majority of house sales (63) were in the £140,000 - £204,000 range. Then came properties in the £204,000 - £268,000 range, where 43 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,220 (-2%).

In June 2024, there were 50 new estate agency instructions, 28 agreed home sales and 28 property price reductions.

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.

Property Market Heat Gauge for PE3 (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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
112 Deerleap, Bretton, Peterborough, City Of Peterborough, PE3 9YD	£115,000	£103,000	-£12,000	17 Aug 2023	10 Apr 2024	237 Days
24 Riverside Gardens, Peterborough, City Of Peterborough, PE3 6GE	£625,000	£625,000	£00	09 Aug 2023	05 Apr 2024	240 Days
84 Norburn, Bretton, Peterborough, City Of Peterborough, PE3 8NU	£215,000	£210,000	-£5,000	18 Oct 2023	05 Apr 2024	170 Days
29 Grange Road, Peterborough, City Of Peterborough, PE3 9DT	£295,000	£295,000	£00	11 Nov 2023	28 Mar 2024	138 Days
42 Woodfield Road, Peterborough, City Of Peterborough, PE3 6HD	£375,000	£360,000	-£15,000	05 Oct 2023	25 Mar 2024	172 Days
13 Stokesay Court, Peterborough, City Of Peterborough, PE3 6SL	£290,000	£277,500	-£12,500	10 Aug 2023	22 Mar 2024	225 Days
78 Atherstone Avenue, Peterborough, City Of Peterborough, PE3 9UA	£289,950	£289,950	£00	07 Feb 2024	15 Mar 2024	37 Days
16 Larklands, Peterborough, City Of Peterborough, PE3 6LL	£525,000	£510,000	-£15,000	14 Jul 2023	15 Mar 2024	245 Days
24 Mewburn, Bretton, Peterborough, City Of Peterborough, PE3 8SG	£165,000	£162,500	-£2,500	18 Oct 2023	07 Mar 2024	141 Days
48 Harewood Gardens, Peterborough, City Of Peterborough, PE3 9NF	£380,000	£350,000	-£30,000	20 Nov 2023	06 Mar 2024	107 Days
119 Sprignall, Bretton, Peterborough, City Of Peterborough, PE3 9YQ	£220,000	£215,500	-£4,500	06 Dec 2023	26 Feb 2024	82 Days
5 Thurston Gate, Peterborough, City Of Peterborough, PE3 6SX	£500,000	£500,000	£00	14 Sep 2023	16 Feb 2024	155 Days
27 Dingley Court, Peterborough, City Of Peterborough, PE3 7AP	£154,995	£154,995	£00	08 Nov 2023	16 Feb 2024	100 Days
116 Linkside, Bretton, Peterborough, City Of Peterborough, PE3 8PB	£190,000	£190,000	£00	21 Nov 2023	12 Feb 2024	83 Days
3 Georgian Court, Peterborough, City Of Peterborough, PE3 6AF	£585,000	£329,000	-£256,000	02 Feb 2023	09 Feb 2024	372 Days
33 Apsley Way, Longthorpe, Peterborough, City Of Peterborough, PE3 9NE	£450,000	£430,000	-£20,000	13 Mar 2023	31 Jan 2024	324 Days
155 Mayors Walk, Peterborough, City Of Peterborough, PE3 6HA	£300,000	£299,500	-£500	20 Jul 2023	26 Jan 2024	190 Days
75 Deaconscroft, Peterborough, City Of Peterborough, PE3 7LJ	£180,000	£180,000	£00	07 Sep 2023	25 Jan 2024	140 Days
39 Bozeat Way, Peterborough, City Of Peterborough, PE3 7JF	£190,000	£185,000	-£5,000	18 Jul 2023	08 Jan 2024	174 Days
34 Lutton Grove, Peterborough, City Of Peterborough, PE3 7DY	£240,000	£231,000	-£9,000	08 Dec 2023	18 Dec 2023	10 Days

Most Expensive Streets in PE3 (Peterborough)

Postcode	Street	Area	Average	No. of Sales
PE3 6LA	Thorpe Avenue	Peterborough	£807,250	4
PE3 6FU	Vawser Crescent	Peterborough	£705,000	3
PE3 6LS	Longthorpe Green	Peterborough	£700,500	4
PE3 6NL	Magdellan Court	Peterborough	£700,000	4
PE3 6GA	Thorpe Meadows	Peterborough	£671,000	3
PE3 6LX	Thorpe Road	Peterborough	£611,166	6
PE3 6SS	Holywell Way	Peterborough	£588,777	9
PE3 6LD	Thurlaston Close	Peterborough	£586,666	3
PE3 6JL	Westwood Park Road	Peterborough	£579,001	10
PE3 6GX	Memorial Way	Peterborough	£575,600	5

Least Expensive Streets in PE3 (Peterborough)

Postcode	Street	Area	Average	No. of Sales
PE3 6DJ	Ashfields, The Drive	Peterborough	£110,300	5
PE3 6EN	Peterhouse Close	Peterborough	£111,230	13
PE3 7EQ	Chelveston Way	Peterborough	£123,000	3
PE3 8EJ	Barnstock, Bretton	Peterborough	£123,250	4
PE3 9TN	Lime Kiln Close	Peterborough	£126,250	4
PE3 9PL	Audley House, Audley Gate	Peterborough	£127,333	3
PE3 9YA	Deerleap, Bretton	Peterborough	£130,800	5
PE3 9YD	Deerleap, Bretton	Peterborough	£131,857	7
PE3 9QP	Stoneleigh Court	Peterborough	£131,899	5
PE3 6BU	Amanda Court, Thorpe Lea Road	Peterborough	£137,333	3