Cheapest and best areas to buy in Peterborough. All 8 postcode districts compared.

Typical 3-bed house£254kacross Peterborough
Cheapest districtPE33-bed house £217k
Sold last year1,752homes in Peterborough
Prices in Peterborough-0.1%on a year ago

A typical 3-bedroom house in Peterborough sold for £254,000 over the last five years, in today's money. The same home costs £217k in PE3 and £360k in PE5, so where you look matters more than almost anything else.

For the most space for your money, look at PE3: about 88 m² for a typical £217k. PE7 is the busiest market, with 393 sales last year.

Prices in Peterborough are down 0.1% on a year ago. Renting a 3-bedroom home costs about £1,079 a month; a 90% mortgage on the typical 3-bed house would be around £1,158 a month at 4.5% over 30 years.

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Cheapest areas to buy in Peterborough

For a flat, the cheapest is PE1: a typical 2-bedroom flat sells for £112k.

Best areas in Peterborough for families

Districts where the best state schools nearby beat the England average, cheapest first.

Best state primary within 2 km (pupils meeting the expected standard at 11) and secondary within 5 km (grade 5+ in English and maths). DfE performance tables.

Peterborough postcode districts

District3-bed houseSize2-bed flatHouses per m²Best primarySold last year
PE1£233k86 m²£112k£2,63480%204
PE2£245k87 m²£123k£2,95476%328
PE3£217k88 m²£127k£2,84470%147
PE4£249k88 m²£118k£3,03083%234
PE5£360k93 m²—£3,93770%9
PE6£275k90 m²£141k£3,136—300
PE7£257k88 m²£134k£3,08478%393
PE8£326k89 m²£149k£3,546—137

Typical prices from sales in the last five years, in today's money. A dash means too few sales to say.

Questions about buying in Peterborough

How much is a 3-bedroom house in Peterborough?

About £254,000 across Peterborough, from sales in the last five years in today's money. It ranges from £217k in PE3 to £360k in PE5.

What is the cheapest area of Peterborough to buy a house?

For a 3-bedroom house: PE3 (£217k), PE1 (£233k), PE2 (£245k).

Are house prices going up in Peterborough?

In Peterborough, prices are down 0.1% on a year ago and up 15.3% over five years, according to the UK House Price Index (July 2026).

Which postcode in Peterborough is best for families?

On school results and price together: PE3 (3-bed house £217k, best primary nearby 70% at the expected standard against 64% across England); PE1 (3-bed house £233k, best primary nearby 80% at the expected standard against 64% across England); PE2 (3-bed house £245k, best primary nearby 76% at the expected standard against 64% across England); PE4 (3-bed house £249k, best primary nearby 83% at the expected standard against 64% across England).

Is Peterborough a good place to buy a house?

What the numbers say: a typical 3-bedroom house costs £254,000, prices are down 0.1% on a year ago, renting a 3-bedroom home costs about £1,079 a month against roughly £1,158 for a 90% mortgage, and 1,752 homes sold last year, so there is a real choice. Prices vary from £217k to £360k between districts, so the area you pick matters most.

How many homes sell in Peterborough each year?

1,752 homes sold across its 8 postcode districts in the last year, the most in PE7.

Sources: HM Land Registry price paid data matched to the EPC register, UK House Price Index (July 2026), ONS private rents (August 2026). The mortgage figure is an illustration, not advice.