Area Guide For Peterborough

Peterborough is a cathedral city and unitary authority area in the East of England, with an estimated population of 173,400 in June 2007. For ceremonial purposes it is in the county of Cambridgeshire. Situated 75 miles (121 km) north of London, the city stands on the River Nene which flows into the North Sea approximately 30 miles (48 km) to the north-east. The railway station is an important stop on the East Coast Main Line. The local topography is flat and low-lying, and in some places lies below sea level. The area known as the Fens is to the east of Peterborough. The City of Peterborough includes the outlying military installation of RAF Wittering, and as a unitary authority it borders Northamptonshire and Rutland to the west, Lincolnshire to the north, and Cambridgeshire to the south and east. Human settlement in the area dates back to before the Bronze Age, as can be seen at the Flag Fen archaeological site to the east of the current city centre. This site also shows evidence of Roman occupation. The Anglo-Saxon period saw the establishment of a monastery, then known as Medeshamstede, which later became Peterborough Cathedral. The population


Peterborough Map

Estimated Price: £198,738
Average Asking Price: £226,940
Price change in last one year: £10,183
Average Price Paid: £167,522
Average Rent Rates: £1,033


Property Prices Breakdown in Peterborough

Average Price for property in Peterborough is around £198,738 which varies based on type of property you are interested in and ranges from £282,053 for detached house to around £171,690 for semi-detached. Similarly terraced house is around £136,681 and a flat is worth £111,865. Values have been changing and have risen £510 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,760 in last 6 months, £10,183 in last 1 year, £23,724 in last 2 years, £25,737 in last 3 years, £22,045 in last 4 years and £18,746 in last 5 years.

Currently average asking price of a property in Peterborough is around £226,940 based on approximately 3,484 properties for sale. Same is the case with rental options based on 604 properties up for rent, average asking rent is around £1,033 per month.

Estimated property value in Peterborough is £198,738. Average asking price is £226,940 while average price paid is £177,821 which is up by £10,183 and Avg. asking rent £1,033.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Peterborough area. In last 1 year alone average price buyer paid is around £177,821 based on approximately 3,484 sales in Peterborough area alone. If you compare it to last 3 years sales of 9,946 properties where buyers paid around £169,579. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £167,522 for 15,470 and average amount paid for purchase of approx. 21,024 properties sold in last 7 years comes to about £166,047 per sale.


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £97,737, £135,926 for a 2 bedroom house, £174,052 for a 3 bedroom house, £294,073 for a 4 bedroom house and £425,877 for a 5 bedroom house. For a flat similarly the prices varies from £81,118 for a single bedroom to £110,146 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £120,890. To sum up the asking prices for properties in Peterborough it comes to around average £85,899 for 1 bedroom property, £128,083 for 2 bedroom, £173,771 for 3 bedroom, £294,073 for 4 bedroom and £425,877 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £428 for 1 bedroom to £637 for 2 bedrooms, £733 for 3 bedrooms, £1,051 for 4 bedrooms and £1,629 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £515. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £709 and £633 for 3 bedroom. You should be generally be expecting around average £472 rent per month for single bedroom property, £675 for 2 bedroom, £727 for 3 bedroom, £1,051 for 4 bedroom and approximately £1,629 for a 5 bedroom property in Peterborough area.

Popular Houses in Peterborough

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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