Buying a home in PE1, Peterborough. What it costs, what you get and where else to look.

Typical 3-bedroom house£233kmost £196k–£263k
Houses per m²£2,634flats £2,230
Sold last year2041,685 in five years
Prices in Peterborough-0.1%on a year ago

A typical 3-bedroom house in PE1 sold for £232,788 over the last five years, in today's money; most went for between £195,586 and £262,776, for about 86 m² of space. That is 8% less than the same home across Peterborough (£254,000).

204 homes sold here in the last year: a steady market with homes coming up most weeks. Flats start at around £83k for one bedroom. Within the district, houses cost the least per m² in PE1 2 (£2,193) and the most in PE1 4 (£2,824).

Across Peterborough, prices are down 0.1% on a year ago and up 15.3% over five years. Renting a similar home there costs about £1,079 a month; a 90% mortgage on the typical price would be around £1,062 a month at 4.5% over 30 years. Lenders would typically want a household income of about £47,000 for that mortgage: what £50,000 buys.

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House prices in PE1 by bedrooms

BedroomsTypical priceMost sell forSizeSold, 5 years
1£132,606£118k–£146k42 m²39
2£186,386£163k–£213k67 m²370
3£232,788£196k–£263k86 m²771
4£260,666£214k–£312k113 m²148
5+£346,308£281k–£427k148 m²110

Prices by type of home

1 bed2 bed3 bed4 bed5+ bed
Houses£133k£186k£233k£261k£346k
Detached—£228k£268k£333k£387k
Semi-detached£201k£198k£239k£263k£329k
Terraced£131k£168k£189k£204k£312k
Flats£83k£112k£154k——

Typical sale price over the last five years, adjusted to today's prices with the UK House Price Index.

Price per m² across PE1

Postcode sectorHousesFlats
PE1 1—£2,633
PE1 2£2,193£2,036
PE1 3£2,549£1,940
PE1 4£2,824£2,077
PE1 5£2,698£2,269

Schools near PE1

Best state primary within 2 kmThe King's (The Cathedral) School80% met the expected standard at 11 · England 64%18 state primaries within 2 km
Best state secondary within 5 kmThe King's (The Cathedral) School69.8% got grade 5+ in English and maths · England 43.8%14 state secondaries within 5 km

Nearby areas

Questions about PE1

Is PE1 a good area to buy a home?

What the numbers say: a 3-bedroom house costs 8% less than across Peterborough; prices in Peterborough are down 0.1% on a year ago; the best state primary nearby is above the England average (80% against 64%); the best secondary is above it (69.8% against 43.8%); 204 homes sold here last year. Whether it suits you depends on your budget and what you need nearby, so compare it with the districts around it below.

How much is a 3-bedroom house in PE1?

A typical 3-bedroom house in PE1 sold for £232,788 over the last five years, in today's money. Most sold between £195,586 and £262,776.

Is PE1 expensive for Peterborough?

A 3-bedroom house in PE1 costs 8% less than the typical 3-bedroom house across Peterborough (£254,000).

How many homes sell in PE1 each year?

204 homes sold in the last year and 1,685 in five years: a steady market with homes coming up most weeks.

What are the schools like near PE1?

The best-performing state primary within 2 km is The King's (The Cathedral) School, where 80% of pupils met the expected standard at age 11 (England: 64%).

Sources: HM Land Registry price paid data matched to the EPC register for size and bedrooms, last five years in today's prices; UK House Price Index (July 2026); ONS private rents (August 2026); DfE school performance tables. Districts with fewer than five sales of a kind are left out. The mortgage figure is an illustration, not advice.