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© 2026 UK House Prices. Data sourced from HM Land Registry.

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0.

Area guide

PE2 area guide — property prices & local market

Everything you need to know about buying property in the PE2 postcode area, covering Peterborough and surrounding areas. All price data sourced from HM Land Registry — updated August 2026.

PE2 area price snapshot

Average price

£158,765

Median price

£142,750

5-year trend

+21.3%

Total sales

32,319

The PE2 area has 805 individual postcodes with 32,319 registered sales. Prices are +60.2% below the national average, with the largest concentration in Peterborough. The five-year price movement is +21.3%.

About Peterborough

A rapidly growing cathedral city on the East Coast Main Line with fast trains to London Kings Cross, affordable housing and large-scale new-build development.

🚆 Main station

Peterborough

⏱️ London commute

~48 min by train

View full Peterborough property data →

Market context

PE2 averages £158,765, placing it in the affordable category, +60.2% below the national average. Affordable areas can offer good value for first-time buyers and investors seeking lower entry points. The dataset includes 32,319 recorded sales across 805 postcodes.

The five-year price trend in PE2 is +21.3%, significantly outpacing many other areas. This level of growth may reflect improving local amenities, transport links or broader regeneration.

Buying tips for PE2

✅ Suitable for first-time buyers — average prices in PE2 start within a typical FTB budget. See the full first-time buyer guide →
  • 🎯First-time buyer schemes can help. Affordable areas may offer better value through Help to Buy, shared ownership or local authority schemes. Check eligibility alongside sold prices.
  • 🛤️Transport links affect long-term value. Affordable areas within commuting distance of major cities often see faster price growth. Check the town data pages for trend comparisons.
  • 🧮Factor in Stamp Duty. Use the Stamp Duty Calculator to estimate purchase costs based on the average price in PE2.
  • 🏘️Explore Peterborough. Much of the PE2 activity centres on Peterborough. Check the town-level data for more granular market analysis.
  • 💡Check individual postcodes. Average prices can mask significant variation between postcodes in the PE2 area. Browse the individual postcode pages to find properties that match your budget.
  • 💡Compare asking prices to sold prices. Use the Asking Price Checker to see whether a listing price aligns with local sold-price evidence.
  • 💡Use sold prices as evidence, not valuation. Historical data helps you understand market trends but does not replace a professional valuation by a qualified surveyor.

Top postcodes in PE2

PE2 8UP

£110,143 avg · 209 sales

PE2 9JW

£70,380 avg · 205 sales

PE2 6SP

£125,654 avg · 195 sales

PE2 5FW

£91,747 avg · 169 sales

PE2 8UR

£142,679 avg · 163 sales

PE2 8DS

£105,439 avg · 146 sales

PE2 8UH

£116,715 avg · 145 sales

PE2 6XY

£105,313 avg · 144 sales

PE2 8SN

£97,135 avg · 144 sales

View all 805 postcodes in PE2 →

Useful tools for PE2 buyers

🧮

Stamp Duty ~£675

Avg £158,765 in PE2

Full guide →

📊

Asking Price Checker

Compare asking prices with sold-price evidence

📖

Stamp Duty Guide

Complete 2025 SDLT, LTT & LBTT guide

⚖️

Location Comparison

Compare PE2 with other areas

🏘️

Peterborough data

Full town-level property statistics

About this guide

This PE2 area guide is based on HM Land Registry Price Paid Data, covering registered residential property sales in England and Wales from January 1995 onwards. All figures are historical sold prices, not current valuations or asking prices.

Data last updated: August 2026 · View methodology

Frequently asked questions

What is the average house price in PE2?

The average sold price in the PE2 postcode area is £158,765, based on 32,319 HM Land Registry transactions. The largest town in this area is Peterborough.

How do PE2 house prices compare to the UK average?

Properties in PE2 average £158,765, which is +60.2% below the national average of £398,894 for England and Wales.

Why is the median price in PE2 lower than the average?

The median price (£142,750) is 10.1% below the average (£158,765), suggesting a mix of property types or a few high-value sales pulling the mean upward. This is common in areas with both affordable and premium housing.

How have PE2 house prices changed over 5 years?

Prices in PE2 have moved +21.3% over five years, reflecting broader UK house price growth. The large sample size gives confidence in this trend.

Are these area guide prices valuations or asking prices?

No. All figures on this page are historical completed sale prices from HM Land Registry Price Paid Data. They are not current valuations, estate agent asking prices, or financial advice. Always seek professional advice before making property decisions.

Related guides

Asking Price vs Sold Price in the UK

Understand the difference between asking prices and actual sold prices.

How to Use Sold Prices When Making an Offer

Use sold-price evidence to prepare for a UK property offer.

Down Valuations: What to Do

Respond to a low mortgage valuation with local sold-price evidence.

View all guides →