House prices in PE (Peterborough)
Price per square metre data and charts to help you understand the housing market in PE - stats were last calculated on 04 August 2026.
Defining postcode area 'PE'
This analysis is limited to properties whose postcode starts with "PE", this is also called the postcode area. There are no official postcode area names so I've just labelled it PE, Peterborough. It is shown in red on the map below.
Want to change geography?
You can click on the map above to change to a neighbouring area, or you can use the search form below.
Price per square metre
Knowing the average house price in PE is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:
£ per sqm = price ÷ internal area
For example in June 2026, 14, Sallows Road, Peterborough, PE1 4EU sold for £200,000. Given the internal area of 89 square metres recorded on the EPC, the price per sqm is £200,000 ÷ 89 sqm = £2,247.
England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-). You can change your prefered units from square meters to square feet for all the graphs and charts on PE and elsewhere. Just visit the My Account page and look for the m2 to ft2 toggle switch. Alternatively just multiply everything by 10, move a decimal place to go from sqm to sqft and you'll be close enough as 1 sqm = 10.76391 sqft.
Distribution of £ per sqm for houses vs flats in PE
Tip: click on the legend labels to show/hide different property types.
The chart above is called a histogram, it helps you see the distribution of house price per sqm in PE To make this chart we put all the sales data into a series of £ per sqm 'buckets' (e.g. £2,794 to £2,961, £2,961 to £3,128, £3,128 to £3,295 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 10,918 sales that took place in PE in the last 12 months.
Generate a custom histogram like the one above but based on your own criteria.
You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.
The spread of prices will give you a feel of the typical range to expect in PE, Peterborough. Notably, only 25% of properties that sold recently were valued at more than £3,380 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of PE homes.
Box plot of £ per sqm for PE
Tip: click on the chart to see the values.
The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square metre property price distributions, box plots represent the variation in property prices within a geographic area e.g. PE. The chart above shows a boxplot for 'PE' broken down by property type (Flats, Semi-detached, Detached and Terraced). Almost everywhere houses command higher prices per square metre than flats, and detached houses most of all.
Does £ per sqm vary by property size and type?
A common question is whether price per sqm varies by property size and type. In other words can we fairly compare the price per sqm between two properties of different sizes? The charts below go some way to answering this question in the context of PE. TLDR; there is some effect, but after you control for property type the effect is less than you might expect.
The first chart shows the distribution of price per sqm by property size. This shows that as the size of properties increase, there is not a significant corresponding change in £ per sqm. The second chart shows the same distribution split by property type. If you want the functionality to generate bespoke charts get in touch as it is a feature I could add to the subscription service if enough people are interested.
Density distribution
Price per square metre distribution by property size
Shows the distribution of property prices per square metre in PE.
Distribution by property type
Price per square metre distribution by size and property type
Shows the distribution of different property types in PE.
Property price map for Peterborough
Have a look at the interactive price map I created for myself. Use it to explore house prices in 'Peterborough' all the way down to individual property plots.
Price trends
House prices in 'PE' Peterborough fell -0.5% in the last year, -3.6% after inflation. Whether or not this trend will continue depends on many factors. I cannot tell what house prices will do in the future and don't believe anyone who says they can. However we can plot price trends, I have done this in the chart below for postcode area 'PE' split by property type. You can extrapolate from this based on what you think will happen to wage growth, net migration, interest rates and the level of house building.
House price index for PE
Tip: click on the legend items to show/hide different lines
Download house price index as CSV (premium users only).
The chart above shows changes in 'PE' property prices over the last 20 years. The index is calculated from the average price paid per sqm for property in PE and is set to 100 in 2004. The chart compares trends for Flats vs Houses in PE. You can see how different they are. Keep this in mind when you see any price index that doesn't provide this breakdown.
The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:
Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.
Historic returns for PE
| All | Flats | Houses | ||||
|---|---|---|---|---|---|---|
| Nominal | Real | Nominal | Real | Nominal | Real | |
| 20 yr per annum | 2.5% | -0.3% | 0.9% | -1.9% | 2.6% | -0.2% |
| 20 yr total | 62.9% | -6.5% | 19.7% | -31.3% | 66.7% | -4.3% |
| 10 yr per annum | 3.0% | -0.4% | 1.2% | -2.1% | 3.2% | -0.2% |
| 10 yr total | 34.7% | -3.5% | 13.0% | -19.0% | 36.4% | -2.2% |
| 5 yr per annum | 1.8% | -3.1% | 0.3% | -4.4% | 1.9% | -2.9% |
| 5 yr total | 9.1% | -14.4% | 1.6% | -20.4% | 9.9% | -13.9% |
| 1 yr per annum | -0.5% | -3.6% | 0.0% | -3.0% | -0.6% | -3.6% |
| 1 yr total | -0.5% | -3.6% | 0.0% | -3.0% | -0.6% | -3.6% |
This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.
The total rate of change represents the overall change over the entire period. The formula for total return is:
Total return = (Index at end of period ÷ Index at start of period) - 1
The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:
CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1
Some specific examples:
- Over the past 20 years, Flats have seen a -1.9% annual change when adjusted for inflation. This translates to a total change of -31.3% in real terms.
- Over the past 5 years, Flats have seen a -4.4% annual change when adjusted for inflation. This translates to a total change of -20.4% in real terms.
Snakes & Ladders
See the recent winners & losers in the PE property market. This is not deep analysis - it is a nosy, tabloid-style peek at the local property market.
PE's constituents
The analysis on this page encompasses the entirety of PE. If you want more granular analysis on different parts of PE, use these links.
| Postcode district | Lower quartile | Median | Upper quartile | Sales in last 2yr |
|---|---|---|---|---|
| PE1 Peterborough | £1,980 sqm | £2,410 sqm | £2,880 sqm | 863 |
| PE10 Bourne | £2,360 sqm | £2,770 sqm | £3,120 sqm | 995 |
| PE11 Spalding | £2,000 sqm | £2,340 sqm | £2,660 sqm | 1,505 |
| PE12 Holbeach | £2,030 sqm | £2,440 sqm | £2,790 sqm | 1,464 |
| PE13 Wisbech | £1,800 sqm | £2,250 sqm | £2,600 sqm | 960 |
| PE14 Upwell | £2,210 sqm | £2,570 sqm | £3,020 sqm | 637 |
| PE15 March | £2,260 sqm | £2,660 sqm | £3,040 sqm | 967 |
| PE16 Chatteris | £2,320 sqm | £2,740 sqm | £3,090 sqm | 409 |
| PE19 Eynesbury | £3,080 sqm | £3,640 sqm | £4,120 sqm | 1,706 |
| PE2 Peterborough | £2,230 sqm | £2,790 sqm | £3,260 sqm | 1,361 |
| PE20 Kirton | £1,930 sqm | £2,310 sqm | £2,620 sqm | 524 |
| PE21 Boston | £1,520 sqm | £1,990 sqm | £2,370 sqm | 1,187 |
| PE22 Sibsey | £2,000 sqm | £2,390 sqm | £2,820 sqm | 536 |
| PE23 Spilsby | £2,030 sqm | £2,430 sqm | £2,900 sqm | 295 |
| PE24 Chapel St Leonards | £2,000 sqm | £2,430 sqm | £2,950 sqm | 382 |
| PE25 Skegness | £1,680 sqm | £2,130 sqm | £2,630 sqm | 684 |
| PE26 Ramsey | £2,540 sqm | £2,870 sqm | £3,200 sqm | 416 |
| PE27 St Ives | £3,310 sqm | £3,720 sqm | £4,110 sqm | 591 |
| PE28 Sawtry | £3,060 sqm | £3,480 sqm | £3,880 sqm | 1,667 |
| PE29 Huntingdon | £2,800 sqm | £3,320 sqm | £3,850 sqm | 936 |
| PE3 Bretton | £2,030 sqm | £2,530 sqm | £3,080 sqm | 571 |
| PE30 Kings Lynn | £2,020 sqm | £2,570 sqm | £3,190 sqm | 1,269 |
| PE31 Heacham | £3,120 sqm | £3,640 sqm | £4,300 sqm | 726 |
| PE32 Gayton | £2,570 sqm | £3,110 sqm | £3,550 sqm | 422 |
| PE33 Watlington | £2,410 sqm | £2,800 sqm | £3,200 sqm | 420 |
| PE34 Terrington St Clement | £2,320 sqm | £2,720 sqm | £3,160 sqm | 352 |
| PE36 Hunstanton | £2,770 sqm | £3,530 sqm | £4,520 sqm | 307 |
| PE37 Swaffham | £2,410 sqm | £2,870 sqm | £3,270 sqm | 498 |
| PE38 Downham Market | £2,500 sqm | £2,940 sqm | £3,450 sqm | 565 |
| PE4 Werrington | £2,500 sqm | £2,900 sqm | £3,270 sqm | 774 |
| PE5 Castor | £3,410 sqm | £3,750 sqm | £4,470 sqm | 32 |
| PE6 Deeping St James | £2,630 sqm | £2,970 sqm | £3,320 sqm | 1,173 |
| PE7 Whittlesey | £2,480 sqm | £2,890 sqm | £3,330 sqm | 2,201 |
| PE8 Oundle | £2,700 sqm | £3,320 sqm | £3,890 sqm | 568 |
| PE9 Stamford | £3,110 sqm | £3,600 sqm | £4,150 sqm | 1,017 |
Nearby geographies
The table below shows how 'PE' compares to the other postcode areas nearby 'PE'.
| Area | Lower quartile | Median | Upper quartile | Sales in last 1yr |
|---|---|---|---|---|
| SG- Stevenage | £3,910 sqm | £4,590 sqm | £5,370 sqm | 4,537 |
| PE- Peterborough | £2,260 sqm | £2,800 sqm | £3,380 sqm | 10,918 |
| NR- Norwich | £2,590 sqm | £3,100 sqm | £3,610 sqm | 9,256 |
| NN- Northampton | £2,520 sqm | £3,070 sqm | £3,570 sqm | 8,469 |
| NG- Nottingham | £2,070 sqm | £2,610 sqm | £3,150 sqm | 13,368 |
| MK- Milton Keynes | £3,300 sqm | £3,900 sqm | £4,460 sqm | 5,933 |
| LN- Lincoln | £2,120 sqm | £2,580 sqm | £2,990 sqm | 3,871 |
| LE- Leicester | £2,560 sqm | £3,070 sqm | £3,560 sqm | 10,598 |
| IP- Ipswich | £2,650 sqm | £3,150 sqm | £3,690 sqm | 7,368 |
| CB- Cambridge | £3,450 sqm | £4,230 sqm | £5,220 sqm | 4,265 |
Raw data
Our analysis of PE is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.
| Address | Paid | sqm | £/sqm |
|---|---|---|---|
| 14, Sallows Rd, | £200,000
Jun-2026
|
89 | 2,247 |
| 18, St Katherines Mews, | £250,000
Jun-2026
|
106 | 2,358 |
| 6, Harpe Close, | £197,000
Jun-2026
|
57 | 3,456 |
Search the raw data here.
About
I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.