June 17 2021
Peterborough has sometimes been given a bad name over the years – but this bustling up and coming city in the East of England has a lot to offer those making the move.
In 2018, Peterborough was named the fifth fastest-growing city in the country, beating the likes of London, Manchester and Newcastle in the process.
From its industrial beginnings, Peterborough is steeped in history and has since undergone a huge economic boom; due to its modernisation, Peterborough has more opportunities for work and things to do in your spare time than ever before.
In this guide, we will tell you everything you need to know about moving to this medieval city including:
- Where to live in Peterborough
- Peterborough house prices
- The cost of living
- What’s on in Peterborough
Where is best to live in Peterborough?
Perhaps one of the more popular areas for new homeowners moving to Peterborough is Yaxley, just five miles south of Peterborough city centre. In this village, there really is something for everyone, with a range of different homes available. For young families, it is especially suitable with a host of nearby schools, recreation grounds, restaurants and pubs all close to hand.
- Hampton Vale
For those wanting more new or modern surroundings, Hampton Vale is where you should look. With more modern builds, Hampton Vale also offers a host of amenities, as well as offering a range of surrounding lakes – perfect for weekend walks.
In a further escape to the country, six miles east of Peterborough you’ll find the town of Whittlesey. An area mostly dominated by large, attractive homes, the area is well spaced out without homes being on top of one another so you’ll have plenty of space and privacy. It also has its own train station, offering great service into Peterborough city centre and beyond.
House prices in Peterborough
According to Rightmove, the average price of a property in Peterborough was £230,290 over the last year.
The most common type of property in Peterborough is detached properties, selling for an average price of £324,862 with semi-detached properties also proving very popular with an average selling price of £206,809. In contrast, terraced homes sold on average for £169,595.
Over the past year, there was a 7% increase in house prices compared to the previous year while also seeing a 16% rise on the 2018 peak of £197,689.
Cost of living in Peterborough
According to Payscale, the average salary in Peterborough is £27,000. For those wanting a taste of city life on a budget, moving to Peterborough can provide just that being just one hour away from London and the living costs are significantly cheaper.
According to estimates from Numbeo, Peterborough is 10.41% less expensive than London with rent being 66.23% lower. The average rental cost for a three-bedroom apartment in the city centre is £933.33 and basic utilities (such as water, heating, electricity etc.) for an 85 sq m apartment has an average monthly cost of £139.50.
What’s on in Peterborough?
Perhaps one of the biggest attractions for those moving to Peterborough is the city’s historic Cathedral Square. The square which was recently subject to a huge redevelopment is home to Queensgate Shopping Centre which has a number of household names under its roof including M&S, Ernest Jones and River Island to name a few. The centre has recently undergone a £60 million expansion.
Football fans will also be pleased to hear the city has its own football team. Peterborough United, also known as ‘The Posh’, currently play in the third tier of the English football pyramid and play their home games at nearby Weston Park.
One of Peterborough’s most popular nightlife venues is The Stoneworks Bar. This quirky craft beer bar is Peterborough’s highest-rated nightlife venue on TripAdvisor; offering a range of mismatched furniture and a variety of craft beers, head to this character-filled bar for after-work drinks.
However, if you’re moving to Peterborough for a more laid back vibe, then look no further than The New Crown. Found in Whittlesey, the New Crown has a cosy feel, great food and a range of popular beers, wines and spirits – perfect for a winter’s day lunch.
Need help with moving to Peterborough?
So, are you considering moving to Peterborough? When you’re decided and ready to move, why not check out our moving checklist. Maybe you’re decluttering and need some extra space to store things or you’d just like a bit more space in your new home. Get in contact with a member of staff at our Peterborough storage units.
We also offer:
- Flexibility: if you need to, you can scale up or down your storage unit to suit your needs. Just get in touch with our store today, and only pay for what you need.
- Updated safety procedures: all of our self storage stores offer online registration and contact-free move-ins along with social distancing policies so you can be certain you’re staying safe when you store with us.
- My Account Feature: thanks to our new feature, you can now manage your storage online. Whether you’re sitting at home or stuck at the office, you have 24-hour access to your storage needs, right at your fingertips.
- On-site extras: for all of your packing needs, head over to our box shop now while we also offer shelves and racking to keep your unit tidy along with trolleys and lift access for ease when moving in and out.
At Ready Steady Store, we offer secure storage facilities right in the heart of Peterborough, taking away some of the stress of moving to a new city. Find out more here.