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Peterborough House Prices Peterborough House Prices

The average house price in Peterborough is £255,379 using HM Land Registry data.

The average property price increased by £44,924 (20.61%) over the last 5 years and increased by £9,001 (3.54%) over the last 12 months.

Over the last year, there were 1,459 residential property sales – a decrease of 526 transactions (-36.05%) relative to the previous year. The majority of house sales (370) were in the £182,000 - £234,000 range. Then came properties in the £234,000 - £286,000 range, where 318 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 116 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,578 (-2%).

In Dec 24, there were 294 new estate agency instructions, 169 agreed home sales and 210 property price reductions.

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

5-Year Average Property Prices in Peterborough

20.61%

Property prices in Peterborough increased by 20.61% 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

3.54%

Property prices in Peterborough increased by 3.54% 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 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 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
22 Alexandra Road, Peterborough, City Of Peterborough, PE1 3DE£295,000£289,000-£6,00002 Jul 202422 Nov 2024143 Days
9 Greenacres, Werrington, Peterborough, City Of Peterborough, PE4 6LH£375,000£155,668-£219,33227 Jun 201922 Nov 20241975 Days
22 Sallows Road, Peterborough, City Of Peterborough, PE1 4EU£285,000£285,000£0013 May 202421 Nov 2024192 Days
56 Derby Drive, Peterborough, City Of Peterborough, PE1 4NQ£210,000£210,000£0007 Aug 202415 Nov 2024100 Days
55 Reeves Way, Eastfield, Peterborough, City Of Peterborough, PE1 5LF£250,000£250,000£0022 May 202415 Nov 2024177 Days
43 Canterbury Road, Werrington, Peterborough, City Of Peterborough, PE4 6PA£280,000£273,000-£7,00009 Aug 202415 Nov 202498 Days
24 Honeysuckle Court, Peterborough, City Of Peterborough, PE2 9JT£215,000£210,000-£5,00012 Apr 202411 Nov 2024213 Days
14 Hadrians Court, Peterborough, City Of Peterborough, PE2 8NJ£100,000£99,000-£1,00018 Mar 202411 Nov 2024238 Days
52a, Gunthorpe Road, Peterborough, City Of Peterborough, PE4 7TN£230,000£225,000-£5,00007 May 202408 Nov 2024185 Days
17 Barley Mews, Peterborough, City Of Peterborough, PE2 9QL£135,000£135,000£0018 Apr 202408 Nov 2024204 Days
18 Swan Gardens, Peterborough, City Of Peterborough, PE1 4SB£225,000£220,000-£5,00024 Jul 202404 Nov 2024103 Days
158 Eyrescroft, Bretton, Peterborough, City Of Peterborough, PE3 8EX£260,000£240,000-£20,00012 Jun 202401 Nov 2024142 Days
44 Hemingford Crescent, Peterborough, City Of Peterborough, PE2 8LL£300,000£300,000£0011 Jul 202430 Oct 2024111 Days
44 Jubilee Street, Peterborough, City Of Peterborough, PE2 9PH£210,000£200,000-£10,00028 May 202428 Oct 2024153 Days
13 Linnet, Orton Wistow, Peterborough, City Of Peterborough, PE2 6XY£250,000£245,000-£5,00026 Apr 202428 Oct 2024185 Days
35 Thorpe Park Road, Peterborough, City Of Peterborough, PE3 6LJ£475,000£475,000£0014 Jun 202425 Oct 2024133 Days
8 Wigmore Drive, Stanground, Peterborough, City Of Peterborough, PE2 8UZ£360,000£347,500-£12,50012 Jan 202425 Oct 2024287 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
537 Gladstone Street, Peterborough, City Of Peterborough, PE1 2DQ£190,000£130,000-£60,00030 Oct 202322 Oct 2024358 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£691,6666
PE3 6GAThorpe MeadowsPeterborough£671,0003
PE2 7QAEngaineOrton Longueville£655,0003
PE4 6SYMulberry GardensPaston£646,6663
PE2 7DPThe VillageOrton Longueville£615,5004

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
PE2 9ELPhorpres CourtSt Margarets Road£77,0003
PE1 3FRCentury SquarePeterborough£80,9005
PE1 5EWCobbet PlacePeterborough£81,3333
PE1 1JJPriestgate CourtPriestgate£84,0006
PE2 5TQMisterton CourtOrton Goldhay£86,61513

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