You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in PE1

House Prices in PE1

The average house price in PE1 (Peterborough) is £187,083 using HM Land Registry data.

The average property price increased by £43,445 (24.93%) over the last 5 years and increased by £8,685 (3.79%) over the last 12 months.

Over the last year, there were 286 residential property sales – a decrease of 194 transactions (-67.83%) relative to the previous year. The majority of house sales (69) were in the £168,000 - £202,000 range. Then came properties in the £202,000 - £236,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,710 (-3%).

In June 2024, there were 77 new estate agency instructions, 42 agreed home sales and 61 property price reductions.

5-Year Average Property Prices in PE1 (Peterborough)

24.93%

Property prices in Peterborough increased by 24.93% 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 PE1 (Peterborough) Over the Last Year

3.79%

Property prices in Peterborough increased by 3.79% 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 PE1 (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 PE1 (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 PE1 (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 PE1 (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 PE1 (Peterborough) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PE1 postcode area since 1995.

Recent Sales in PE1 (Peterborough)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
22 Fairchild Way, Dogsthorpe, Peterborough, City Of Peterborough, PE1 3TL	£215,000	£215,000	£00	26 Dec 2023	13 May 2024	139 Days
8 Wetherby Way, Eastfield, Peterborough, City Of Peterborough, PE1 5NW	£157,000	£157,000	£00	02 Mar 2024	10 May 2024	69 Days
59 Birchtree Avenue, Dogsthorpe, Peterborough, City Of Peterborough, PE1 4HP	£220,000	£220,000	£00	08 Nov 2023	26 Mar 2024	139 Days
13 Dorchester Crescent, Peterborough, City Of Peterborough, PE1 4RP	£300,000	£285,000	-£15,000	13 Dec 2023	25 Mar 2024	103 Days
10 Finchfield, Peterborough, City Of Peterborough, PE1 4YG	£230,000	£230,000	£00	16 Jan 2024	22 Mar 2024	66 Days
29 Grange Avenue, Dogsthorpe, Peterborough, City Of Peterborough, PE1 4HH	£268,000	£260,000	-£8,000	13 Oct 2023	29 Feb 2024	139 Days
410 Lincoln Road, Peterborough, City Of Peterborough, PE1 2NA	£165,000	£160,000	-£5,000	03 Aug 2023	23 Feb 2024	204 Days
114 Garton End Road, Peterborough, City Of Peterborough, PE1 4EZ	£250,000	£245,000	-£5,000	25 Apr 2023	02 Feb 2024	283 Days
36 Granville Street, Peterborough, City Of Peterborough, PE1 2QJ	£150,000	£150,000	£00	28 Aug 2023	01 Feb 2024	157 Days
160 Hammonds Drive, Fengate, Peterborough, City Of Peterborough, PE1 5AA	£130,000	£130,000	£00	10 Feb 2017	26 Jan 2024	2541 Days
104 Lyvelly Gardens, Peterborough, City Of Peterborough, PE1 5RQ	£250,000	£245,000	-£5,000	15 Aug 2023	26 Jan 2024	164 Days
83 Bluebell Avenue, Dogsthorpe, Peterborough, City Of Peterborough, PE1 3XH	£190,000	£170,000	-£20,000	21 Nov 2023	19 Jan 2024	59 Days
23 Norfolk Street, Peterborough, City Of Peterborough, PE1 2NP	£250,000	£240,000	-£10,000	02 Aug 2023	09 Jan 2024	160 Days
14 Rowan Avenue, Dogsthorpe, Peterborough, City Of Peterborough, PE1 4NR	£180,000	£180,000	£00	26 Dec 2017	21 Dec 2023	2186 Days
8 Furze Ride, Dogsthorpe, Peterborough, City Of Peterborough, PE1 3UA	£230,000	£225,000	-£5,000	12 Oct 2023	21 Dec 2023	70 Days
22 Lilac Road, Dogsthorpe, Peterborough, City Of Peterborough, PE1 4PR	£235,000	£225,000	-£10,000	09 Aug 2023	20 Dec 2023	133 Days
58 Welland Road, Dogsthorpe, Peterborough, City Of Peterborough, PE1 3SG	£200,000	£195,000	-£5,000	02 Aug 2023	20 Dec 2023	140 Days
19 Derby Drive, Peterborough, City Of Peterborough, PE1 4NG	£425,000	£405,000	-£20,000	01 Jul 2023	20 Dec 2023	172 Days
103 Eaglesthorpe, Peterborough, City Of Peterborough, PE1 3RT	£220,000	£195,000	-£25,000	15 Sep 2023	20 Dec 2023	96 Days
2 Briar Way, Eastfield, Peterborough, City Of Peterborough, PE1 5LH	£210,000	£195,000	-£15,000	27 Nov 2023	19 Dec 2023	22 Days

Most Expensive Streets in PE1 (Peterborough)

Postcode	Street	Area	Average	No. of Sales
PE1 4DX	Park Crescent	Peterborough	£787,500	4
PE1 4DS	Broadway	Peterborough	£535,800	5
PE1 3PE	Woodbyth Road	Peterborough	£445,000	3
PE1 4AW	College Park	Peterborough	£443,333	3
PE1 4DG	Broadway	Peterborough	£405,333	6
PE1 4DP	Princes Gardens	Peterborough	£391,166	3
PE1 4ER	Bettles Close	Peterborough	£379,333	3
PE1 4BD	Eastfield Road	Peterborough	£375,000	3
PE1 4LA	Barkston Drive	Peterborough	£358,312	4
PE1 2UN	Queens Gardens	Peterborough	£326,000	3

Least Expensive Streets in PE1 (Peterborough)

Postcode	Street	Area	Average	No. of Sales
PE1 4RB	Heritage Court, Eastfield Road	Peterborough	£50,875	8
PE1 2RD	Lincoln Gate	Peterborough	£62,177	19
PE1 2RE	Lincoln Gate	Peterborough	£64,416	6
PE1 1JJ	Priestgate Court, Priestgate	Peterborough	£81,521	7
PE1 5AG	Welland House, Whalley Street, Peterborough	Peterborough	£87,125	4
PE1 2NL	Kimbolton Court	Peterborough	£87,696	12
PE1 3FR	Century Square	Peterborough	£90,600	5
PE1 2QR	Regents Court	Peterborough	£90,687	8
PE1 5GW	Varity House, Vicarage Farm Road	Peterborough	£94,048	7
PE1 3NJ	Cecil Pacey Court	Peterborough	£98,333	3