The average property value in Peterborough is £239,314 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Peterborough grew by £13,525. Compare house prices by area
Average property prices in Peterborough grew by 6.0% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.4% per year.
If prices in Peterborough continue to rise by 4.4% a year, the average property price will be £284,278 in 2025.
There were 2,347 property sales in Peterborough in the year ending June 2021, a decrease of 241 when compared to the previous year.
The average price for a house in Peterborough ranges from £172,696 for a terraced house to £335,678 for a detached house, with semi-detached in between costing on average £209,036.
The average price for a flat or maisonette in Peterborough is £134,601.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Peterborough, semi-detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 47.1% from £228,226 to £335,678, semi-detached house prices have risen 52.1% from £137,414 to £209,036, terraced house prices have risen 47.6% from £117,014 to £172,696, and flat prices have risen 45.2% from £92,708 to £134,601.
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The most common type of property sold in Peterborough during the year ending June 2021 was detached houses, which accounted for 35.7% of properties.
The least commonly available type of property sold in Peterborough were flats, which account for 8.3% of properties sold.
Of the properties sold in Peterborough during 2021, 1.8% were new build properties.
The average price paid for a new build property in Peterborough was £27,422 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (48% of new build properties sold). For existing properties, the most common type is detached houses (38% of existing properties sold).
The most common price band for property sales in Peterborough is £200k - £300k, which accounted for 23.7% of properties sold in 2021.
0.2% of properties in Peterborough had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Peterborough were in the under £50k price bracket, accounting for 0.0% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics