Peterborough house prices: have they risen in the last year?

Not on average. A home in the City of Peterborough averaged £234,690 in July 2026, against £235,152 a year earlier: a change of -0.2% on HM Land Registry's UK House Price Index. Over the ten years to July 2026 the same average rose 42.4%, ahead of both the East of England and England.

open for offer is the pre-market, the market that exists before a property is ever advertised. This piece is for Peterborough owners who have not listed, and who assume each year of waiting adds to the price.

Have Peterborough house prices gone up in the last year?

The figures below are from HM Land Registry's UK House Price Index. "City of Peterborough" is the council area: the city and the villages around it. Each figure is the index's average price for that month.

Area	July 2016	July 2026	Ten years	Last 12 months
City of Peterborough	£164,818	£234,690	42.4%	-0.2%
East of England	£267,798	£337,518	26.0%	0.5%
England	£217,970	£293,479	34.6%	1.1%

Read the last two columns side by side. Over ten years Peterborough added £69,872 to its average and outran its own region by a wide margin. Over the last 12 months it gave back £462, while the East of England and England both edged up.

The decade did not make Peterborough expensive. In July 2016 the average home here cost £102,980 less than the East of England average. In July 2026 it cost £102,828 less. In pounds the distance has hardly changed. As a share it has narrowed, from 38.5% below the region to 30.5% below.

The last 12 months, by type of home

An average blends every kind of home. Split by type, the year looks like this in Peterborough.

Type of home	July 2025	July 2026	Last 12 months	Ten years
Detached	£380,841	£378,668	-0.6%	42.9%
Semi-detached	£241,446	£242,883	0.6%	46.6%
Terraced	£190,173	£190,957	0.4%	45.5%
Flat or maisonette	£116,283	£112,497	-3.3%	24.2%
All homes	£235,152	£234,690	-0.2%	42.4%

• Semi-detached and terraced: up by £1,437 and £784. On homes at these prices, that is level.
• Detached: down £2,173.
• Flats and maisonettes: down £3,786, the only type to move by more than 1%.

The ten-year column tells the other half. Houses of every type gained more than 40%. Flats gained 24.2%. An owner of a Peterborough flat and an owner of a Peterborough semi have lived through two different decades.

How firm the latest figure is

Three limits apply, and they belong on the page.

• July 2026 is provisional. HM Land Registry says estimates for the most recent months "are likely to be updated as more data is incorporated into the index". The August figures are due on 21 October 2026.
• A council area is a small sample. Below regional level the index publishes a three-month average to steady the series, and its own guidance says volatility remains where sales are fewer. A change of -0.2% is too small to call a fall. The fair reading is "level".
• The index records what happened. It does not say why, and we will not guess at it here.

The sum that goes wrong

Here is how the assumption costs money. A rise of 42.4% over ten years works out at about 3.6% a year, if it had arrived evenly. Take the July 2025 average of £235,152, add one more year at that rate, and you expect £243,617.

The July 2026 average was £234,690. The expectation is £8,927 too high. This is arithmetic on published averages, not a forecast for any one home. It shows what happens when a ten-year habit is used to predict a single year.

What this means if you own in Peterborough

None of this says your home is worth less than you think, and it is not a reason to sell or to wait. It is a reason to check which evidence you are starting from.

• The ten-year gain is already in today's price. It does not promise the next year. The last one added nothing to the average.
• The type of home matters. The average flat and the average semi moved in different directions this year.
• Your home is not the average. The closest evidence is what has sold near you: on your street, in your postcode. HM Land Registry publishes the price paid on every completed sale in England and Wales.

Before you choose a number

open for offer holds a market estimate for addresses across England, built from the home's last recorded sale adjusted for price movement in the area since. See the market estimate for your address. Looking it up does not list your home.

An estimate tells you where the evidence points. Your home is not the average: the closest evidence is what has sold near you, on your own street and in your own postcode, not the city-wide figure above. The data behind every number on this page comes from completed sales HM Land Registry has recorded, not from an opinion. See homes already on open for offer in Peterborough. See how testing the market works.