# PE2 8NW Area Summary
PE2 8NW is located in the Millfield area of Peterborough, a diverse residential district situated close to the city centre. With 68 properties analysed and an average price of **£93,840**, this postcode represents one of the most affordable areas in Peterborough and indeed across the UK property market. The significantly below-average pricing compared to national medians makes this location particularly accessible for first-time buyers, buy-to-let investors, and those seeking budget-conscious housing options in an urban setting.
The property market here is characterised by predominantly terraced housing and conversion flats, typical of inner-city Peterborough neighbourhoods. The low average price point reflects the area's positioning as an entry-level market, attracting a mix of young professionals, families requiring affordable housing, and a substantial tenant population due to Peterborough's role as a regional employment hub. Millfield has undergone various regeneration efforts over recent years, though it remains one of the city's more economically challenged areas.
This postcode offers excellent value for money with strong transport links into Peterborough city centre and the railway station, providing fast connections to London King's Cross in under an hour. The area benefits from local amenities, schools, and shopping facilities, making it a practical choice despite the lower price bracket. Investors should note the potential for rental yields given the affordable purchase prices, though proper due diligence regarding property condition and local market dynamics is essential.
The average house price in PE2 8NW, Peterborough is £93,840. Prices range from £68,351 to £180,000.
There are 68 properties in PE2 8NW, Peterborough.
PE2 8NW contains 68 flat / maisonette properties.
Average house prices in PE2 8NW have risen by 94.5% from £92,554 in 2016 to £180,000 in 2019.
PE2 8NW is located in Peterborough, City Of Peterborough, England.