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Peterborough House Prices Peterborough House Prices

The average house price in Peterborough is £226,791 using HM Land Registry data.

The average property price increased by £61,269 (30.2%) over the last 5 years and increased by £12,245 (4.86%) over the last 12 months.

Over the last year, there were 1,454 residential property sales – a decrease of 1,030 transactions (-70.84%) relative to the previous year. The majority of house sales (400) were in the £172,000 - £224,000 range. Then came properties in the £224,000 - £276,000 range, where 336 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 64 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,129 (-2%).

In April 2024, there were 360 new estate agency instructions, 212 agreed home sales and 221 property price reductions.

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

5-Year Average Property Prices in Peterborough

30.2%

Property prices in Peterborough increased by 30.2% 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

4.86%

Property prices in Peterborough increased by 4.86% 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 - April 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 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
59 Birchtree Avenue, Dogsthorpe, Peterborough, City Of Peterborough, PE1 4HP£220,000£220,000£0008 Nov 202326 Mar 2024139 Days
47 Cissbury Ring, Werrington, Peterborough, City Of Peterborough, PE4 6QJ£275,000£267,500-£7,50024 Aug 202318 Mar 2024207 Days
78 Atherstone Avenue, Peterborough, City Of Peterborough, PE3 9UA£289,950£289,950£0007 Feb 202415 Mar 202437 Days
16 Larklands, Peterborough, City Of Peterborough, PE3 6LL£525,000£510,000-£15,00014 Jul 202315 Mar 2024245 Days
9 Archers Wood, Hampton Hargate, Peterborough, City Of Peterborough, PE7 8AZ£320,000£320,000£0005 Oct 202308 Mar 2024155 Days
119 Saltmarsh, Orton Malborne, Peterborough, City Of Peterborough, PE2 5NW£95,000£93,000-£2,00003 Oct 202306 Mar 2024155 Days
1 Ivy Grove, Gunthorpe, Peterborough, City Of Peterborough, PE4 7TW£180,000£175,000-£5,00018 Dec 202301 Mar 202474 Days
86 Hinchcliffe, Orton Goldhay, Peterborough, City Of Peterborough, PE2 5SS£175,000£173,000-£2,00007 Dec 202301 Mar 202485 Days
29 Grange Avenue, Dogsthorpe, Peterborough, City Of Peterborough, PE1 4HH£268,000£260,000-£8,00013 Oct 202329 Feb 2024139 Days
119 Sprignall, Bretton, Peterborough, City Of Peterborough, PE3 9YQ£220,000£215,500-£4,50006 Dec 202326 Feb 202482 Days
22 Redbridge, Werrington, Peterborough, City Of Peterborough, PE4 5DP£300,000£295,000-£5,00028 Aug 202319 Feb 2024175 Days
5 Thurston Gate, Peterborough, City Of Peterborough, PE3 6SX£500,000£500,000£0014 Sep 202316 Feb 2024155 Days
27 Dingley Court, Peterborough, City Of Peterborough, PE3 7AP£154,995£154,995£0008 Nov 202316 Feb 2024100 Days
24 Hedgelands, Werrington, Peterborough, City Of Peterborough, PE4 5AA£190,000£190,000£0002 Nov 202313 Feb 2024103 Days
116 Linkside, Bretton, Peterborough, City Of Peterborough, PE3 8PB£190,000£190,000£0021 Nov 202312 Feb 202483 Days
3 Georgian Court, Peterborough, City Of Peterborough, PE3 6AF£585,000£329,000-£256,00002 Feb 202309 Feb 2024372 Days
16 Barley Mews, Peterborough, City Of Peterborough, PE2 9QL£130,000£120,000-£10,00002 Aug 202309 Feb 2024191 Days
114 Garton End Road, Peterborough, City Of Peterborough, PE1 4EZ£250,000£245,000-£5,00025 Apr 202302 Feb 2024283 Days
36 Granville Street, Peterborough, City Of Peterborough, PE1 2QJ£150,000£150,000£0028 Aug 202301 Feb 2024157 Days
160 Hammonds Drive, Fengate, Peterborough, City Of Peterborough, PE1 5AA£130,000£130,000£0010 Feb 201726 Jan 20242541 Days

Most Expensive Streets in Peterborough

PostcodeStreetAreaAverageNo. of Sales
PE3 6LAThorpe AvenuePeterborough£807,2504
PE1 4DXPark CrescentPeterborough£787,5004
PE7 8SLBoundary LaneHampton Water£760,33315
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
PE3 6LXThorpe RoadPeterborough£611,1666

Least Expensive Streets in Peterborough

PostcodeStreetAreaAverageNo. of Sales
PE2 5PPHomenene HouseBushfield£48,25010
PE1 4RBHeritage CourtEastfield Road£51,1258
PE1 2RDLincoln GatePeterborough£62,17719
PE1 2RELincoln GatePeterborough£66,0717
PE1 1JJPriestgate CourtPriestgate£81,5217
PE2 9ELPhorpres CourtSt Margarets Road£82,0003
PE2 5TQMisterton CourtOrton Goldhay£85,50013
PE1 5AGWelland HouseWhalley Street, Peterborough£87,1254
PE1 2NLKimbolton CourtPeterborough£87,69612
PE1 3FRCentury SquarePeterborough£90,6005

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