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Peterborough House Prices Peterborough House Prices

The average house price in Peterborough is £251,430 using HM Land Registry data.

The average property price increased by £60,479 (29.44%) over the last 5 years and increased by £12,091 (4.76%) over the last 12 months.

Over the last year, there were 1,576 residential property sales – a decrease of 934 transactions (-59.26%) relative to the previous year. The majority of house sales (399) were in the £182,000 - £234,000 range. Then came properties in the £234,000 - £286,000 range, where 335 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,129 (-2%).

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

Postcodes Covered: PE1, PE2, PE3, PE4, PE7

5-Year Average Property Prices in Peterborough

29.44%

Property prices in Peterborough increased by 29.44% 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 Peterborough Over the Last Year

4.76%

Property prices in Peterborough increased by 4.76% 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 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 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 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 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 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 Peterborough since 1995

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

Recent Property Sales in 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
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
19 Bowness Way, Gunthorpe, Peterborough, City Of Peterborough, PE4 7NG£200,000£197,000-£3,00021 Feb 202409 Aug 2024170 Days
62 Chelveston Way, Peterborough, City Of Peterborough, PE3 7EQ£150,000£143,000-£7,00026 Apr 202409 Aug 2024105 Days
180 Palmerston Road, Woodston, Peterborough, City Of Peterborough, PE2 9DF£230,000£225,000-£5,00001 May 202409 Aug 2024100 Days
76 Heather Avenue, Dogsthorpe, Peterborough, City Of Peterborough, PE1 3XP£240,000£233,000-£7,00026 Dec 202302 Aug 2024220 Days
36 Dover Road, Walton, Peterborough, City Of Peterborough, PE4 6JF£250,000£240,000-£10,00007 Feb 202402 Aug 2024177 Days
60 Mountbatten Way, Peterborough, City Of Peterborough, PE3 7JT£235,000£225,000-£10,00009 Feb 202402 Aug 2024175 Days
43 Toftland, Orton Malborne, Peterborough, City Of Peterborough, PE2 5PF£185,000£180,000-£5,00003 Apr 202401 Aug 2024120 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
12 Clayburn Road, Hampton Centre, Peterborough, City Of Peterborough, PE7 8GL£140,000£135,000-£5,00025 Nov 202331 Jul 2024249 Days
31 Windrush Drive, Paston, Peterborough, City Of Peterborough, PE4 7XD£220,000£220,000£0022 May 202429 Jul 202468 Days
9 Houghton Avenue, Stanground, Peterborough, City Of Peterborough, PE2 8UR£360,000£340,000-£20,00015 Feb 202429 Jul 2024165 Days
33 Warwick Road, Walton, Peterborough, City Of Peterborough, PE4 6DE£330,000£330,000£0024 Feb 202426 Jul 2024153 Days
55 Church Street, Werrington, Peterborough, City Of Peterborough, PE4 6QU£295,000£287,500-£7,50011 Mar 202426 Jul 2024137 Days
49 Dunsberry, Bretton, Peterborough, City Of Peterborough, PE3 8LA£375,000£365,000-£10,00028 Mar 202426 Jul 2024120 Days
20 Venus Way, Stanground, Peterborough, City Of Peterborough, PE2 8GF£285,000£280,000-£5,00026 Feb 202425 Jul 2024150 Days

Most Expensive Streets in Peterborough

PostcodeStreetAreaAverageNo. of Sales
PE3 6LAThorpe AvenuePeterborough£809,6663
PE1 4DXPark CrescentPeterborough£766,6663
PE7 8SLBoundary LaneHampton Water£757,18716
PE3 6NLMagdellan CourtPeterborough£701,6663
PE3 6LSLongthorpe GreenPeterborough£700,5004
PE7 8JGWinsor CrescentHampton Vale£688,0005
PE3 6GAThorpe MeadowsPeterborough£671,0003
PE2 7QAEngaineOrton Longueville£655,0003
PE4 6SYMulberry GardensPaston£646,6663
PE3 6LXThorpe RoadPeterborough£619,4005

Least Expensive Streets in Peterborough

PostcodeStreetAreaAverageNo. of Sales
PE7 0LFLondon RoadPeterborough£40,2003
PE1 4RBHeritage CourtEastfield Road£46,6666
PE2 5PPHomenene HouseBushfield£48,6258
PE1 2RELincoln GatePeterborough£62,1254
PE1 2RDLincoln GatePeterborough£62,14816
PE1 5EWCobbet PlacePeterborough£81,3333
PE1 1JJPriestgate CourtPriestgate£84,5217
PE2 5TQMisterton CourtOrton Goldhay£85,54511
PE1 5AGWelland HouseWhalley Street, Peterborough£86,7005
PE1 2NLKimbolton CourtPeterborough£87,69612

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