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Peterborough House Prices Peterborough House Prices

The average house price in Peterborough is £230,874 using HM Land Registry data.

The average property price increased by £60,619 (29.52%) over the last 5 years and increased by £12,118 (4.77%) over the last 12 months.

Over the last year, there were 1,397 residential property sales – a decrease of 1,086 transactions (-77.74%) relative to the previous year. The majority of house sales (370) were in the £172,000 - £224,000 range. Then came properties in the £224,000 - £276,000 range, where 331 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 59 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,129 (-2%).

In June 2024, there were 390 new estate agency instructions, 226 agreed home sales and 239 property price reductions.

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

5-Year Average Property Prices in Peterborough

29.52%

Property prices in Peterborough increased by 29.52% 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

4.77%

Property prices in Peterborough increased by 4.77% 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 - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 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
1 Sobrite Way, Peterborough, City Of Peterborough, PE4 5EQ£270,000£262,000-£8,00025 May 202317 May 2024358 Days
22 Fairchild Way, Dogsthorpe, Peterborough, City Of Peterborough, PE1 3TL£215,000£215,000£0026 Dec 202313 May 2024139 Days
8 Wetherby Way, Eastfield, Peterborough, City Of Peterborough, PE1 5NW£157,000£157,000£0002 Mar 202410 May 202469 Days
28 Spencer Avenue, Stanground, Peterborough, City Of Peterborough, PE2 8QH£210,000£190,000-£20,00022 Jan 202401 May 2024100 Days
23 Kendal Close, Gunthorpe, Peterborough, City Of Peterborough, PE4 7GN£230,000£230,000£0009 Nov 202330 Apr 2024173 Days
44 Caverstede Road, Peterborough, City Of Peterborough, PE4 6EX£220,000£212,000-£8,00026 Jan 202426 Apr 202491 Days
123 Hallfields Lane, Gunthorpe, Peterborough, City Of Peterborough, PE4 7YN£180,000£180,000£0010 Jan 202425 Apr 2024106 Days
61 Storrington Way, Werrington, Peterborough, City Of Peterborough, PE4 6QP£250,000£225,000-£25,00019 Feb 202419 Apr 202460 Days
251 Coneygree Road, Stanground, Peterborough, City Of Peterborough, PE2 8LR£220,000£220,000£0020 Nov 202319 Apr 2024151 Days
149 Belsize Avenue, Peterborough, City Of Peterborough, PE2 9HY£180,000£179,000-£1,00001 Jan 202419 Apr 2024109 Days
49 Holmes Way, Paston, Peterborough, City Of Peterborough, PE4 7XZ£230,000£230,000£0018 Oct 202312 Apr 2024177 Days
21 Svenskaby, Orton Wistow, Peterborough, City Of Peterborough, PE2 6YZ£500,000£487,500-£12,50012 Jan 202412 Apr 202491 Days
112 Deerleap, Bretton, Peterborough, City Of Peterborough, PE3 9YD£115,000£103,000-£12,00017 Aug 202310 Apr 2024237 Days
104 Sunnymead, Werrington, Peterborough, City Of Peterborough, PE4 5BZ£170,000£162,000-£8,00026 Jan 202408 Apr 202473 Days
139 Arundel Road, Walton, Peterborough, City Of Peterborough, PE4 6JQ£270,000£265,000-£5,00017 Nov 202305 Apr 2024140 Days
24 Riverside Gardens, Peterborough, City Of Peterborough, PE3 6GE£625,000£625,000£0009 Aug 202305 Apr 2024240 Days
84 Norburn, Bretton, Peterborough, City Of Peterborough, PE3 8NU£215,000£210,000-£5,00018 Oct 202305 Apr 2024170 Days
24 Churchfield Court, Walton, Peterborough, City Of Peterborough, PE4 6GB£210,000£203,000-£7,00026 Dec 202304 Apr 2024100 Days
40 Mountsteven Avenue, Walton, Peterborough, City Of Peterborough, PE4 6HP£240,000£230,000-£10,00026 Dec 202303 Apr 202499 Days
Flat 5, Wren Court, Church Street, Werrington, Peterborough, City Of Peterborough, PE4 6PW£150,000£150,000£0019 Oct 202328 Mar 2024161 Days

Most Expensive Streets in Peterborough

PostcodeStreetAreaAverageNo. of Sales
PE3 6LAThorpe AvenuePeterborough£807,2504
PE1 4DXPark CrescentPeterborough£787,5004
PE7 8SLBoundary LaneHampton Water£742,33315
PE3 6FUVawser CrescentPeterborough£705,0003
PE3 6LSLongthorpe GreenPeterborough£700,5004
PE3 6NLMagdellan CourtPeterborough£700,0004
PE7 8JGWinsor CrescentHampton Vale£688,0005
PE3 6GAThorpe MeadowsPeterborough£671,0003
PE4 6SYMulberry GardensPaston£646,6663
PE2 7DPThe VillageOrton Longueville£616,0003

Least Expensive Streets in Peterborough

PostcodeStreetAreaAverageNo. of Sales
PE7 0LFLondon RoadPeterborough£40,2003
PE2 5PPHomenene HouseBushfield£48,25010
PE1 4RBHeritage CourtEastfield Road£50,8758
PE1 2RDLincoln GatePeterborough£62,17719
PE1 2RELincoln GatePeterborough£64,4166
PE1 1JJPriestgate CourtPriestgate£81,5217
PE2 9ELPhorpres CourtSt Margarets Road£82,0003
PE2 5TQMisterton CourtOrton Goldhay£85,50013
PE2 5RQBushfield HouseBushfield£85,7316
PE1 5AGWelland HouseWhalley Street, Peterborough£87,1254

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