Reeves Way - PE1 5LY
Key Postcode Insights
PE1 5LY is a residential postcode situated on Reeves Way, Peterborough, PE1 with 37 addresses.
It ranks as the 735th largest and 770th most expensive of the 948 postcodes in the PE1 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 37 properties: 37 houses.
- Ave. Sale Price
- £227,979
- 10 Year change
- up 41.5%
- Ave. Rental Price
- £1,114pcm
- 10 Year change
- up 57.0%
- Ave. £ per ft²
- £255/ft²
- Ave. Gross Yield
- 5.9%/year/yr
Key Postcode Insights
PE1 5LY is a residential postcode situated on Reeves Way, Peterborough, PE1 with 37 addresses.
It ranks as the 735th largest and 770th most expensive of the 948 postcodes in the PE1 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 37 properties: 37 houses.
- Ave. Sale Price
- £227,979
- 10 Year change
- up 41.5%
- Ave. Rental Price
- £1,114pcm
- 10 Year change
- up 57.0%
- Ave. £ per ft²
- £255/ft²
- Ave. Gross Yield
- 5.9%/year/yr
Explore Propertiesin PE1 5LY
- 130 Reeves Way
3 Bed Mid-century House
- 132 Reeves Way
Unknown
- 134 Reeves Way
4 Bed Early-century House
- 135 Reeves Way
3 Bed Mid-century House
- 136 Reeves Way
3 Bed Mid-century House
Sales Market Trends
The last sale in PE1 5LY sold for £240,000 on 17th June 2025. Since then prices are down an average of 3.7%.
The current average value in the postcode is £227,979.
The PE1 5LY Sales Market has increased by 41.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.5% | £227,979 |
| June 2025 | 0.5% | £236,335 |
| June 2024 | -2.2% | £235,128 |
| June 2023 | 2.9% | £240,460 |
| June 2022 | 13% | £233,742 |
| June 2021 | 7.2% | £206,852 |
| June 2020 | 2% | £192,990 |
| June 2019 | 1.7% | £189,264 |
| June 2018 | 6.5% | £186,053 |
| June 2017 | 8.5% | £174,724 |
| June 2016 | 4.3% | £161,098 |
| June 2015 | 6.3% | £154,527 |
| June 2014 | 6.4% | £145,355 |
| June 2013 | 2.7% | £136,646 |
| June 2012 | 0.3% | £133,108 |
| June 2011 | -3.2% | £132,765 |
| June 2010 | 6.1% | £137,112 |
| June 2009 | -15.1% | £129,172 |
| June 2008 | -4.8% | £152,194 |
| June 2007 | 0% | £159,947 |
Rental Market Trends
The current average rental value in the postcode is £1,114.
The PE1 5LY Rental Market has increased by 57.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.6% | £1,114pcm |
| June 2025 | 3.2% | £1,096pcm |
| June 2024 | 9.2% | £1,062pcm |
| June 2023 | 12.3% | £973pcm |
| June 2022 | 6.7% | £866pcm |
| June 2021 | 4.7% | £812pcm |
| June 2020 | 0.8% | £775pcm |
| June 2019 | 1.7% | £769pcm |
| June 2018 | 3.1% | £756pcm |
| June 2017 | 3.4% | £734pcm |
| June 2016 | 6.1% | £709pcm |
| June 2015 | 3.2% | £669pcm |
| June 2014 | 2.4% | £648pcm |
| June 2013 | 4.2% | £633pcm |
| June 2012 | 2.3% | £607pcm |
| June 2011 | 4.9% | £594pcm |
| June 2010 | 1.7% | £566pcm |
| June 2009 | -7% | £556pcm |
| June 2008 | 1.9% | £598pcm |
| June 2007 | 0% | £587pcm |
Sales History
The last sale was on 17th June 2025 for £240,000 and since then the market in the area has decreased by 3.7%. The postcode has had a total of 23 sales since 1995.
PE1 5LY has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Jun 2025£240,000 | 3 Bed House140, Reeves Way, Peterborough, PE1 5LY140, Reeves Way, Peterborough, PE1 5LY
- Sold Sep 2022£263,000 | 3 Bed House163, Reeves Way, Peterborough, PE1 5LY163, Reeves Way, Peterborough, PE1 5LY
- Sold Feb 2020£186,000 | 3 Bed House149, Reeves Way, Peterborough, PE1 5LY149, Reeves Way, Peterborough, PE1 5LY
- Sold Jul 2017£140,000 | 3 Bed House163, Reeves Way, Peterborough, PE1 5LY163, Reeves Way, Peterborough, PE1 5LY
- Sold Mar 2017£155,000 | 3 Bed House171, Reeves Way, Peterborough, PE1 5LY171, Reeves Way, Peterborough, PE1 5LY
Nearby Postcodes
PE1 5LY is the 735th largest and the 770th most expensive postcode out of the 948 postcodes in the PE1 area.
- PE1 4LB, Conworth Close, Peterborough, PE1PE1 4LB8 Addresses|54 m away
- PE1 5LZ, Hill Close, Peterborough, PE1PE1 5LZ8 Addresses|94 m away
- PE1 5LU, Broad Close, Peterborough, PE1PE1 5LU34 Addresses|129 m away
- PE1 5LX, Bishops Close, Peterborough, PE1PE1 5LX27 Addresses|151 m away
- PE1 4RF, Gildenburgh Avenue, Peterborough, PE1PE1 4RF31 Addresses|158 m away
Property Types
- 21 mid-century houses built between 1936 and 1979
- 2 houses of an unknown age
- 2 early-century houses built between 1912 and 1935
- 12 other addresses of unknown type
- mid-century house (21)
- house (2)
- early-century house (2)
- Unknown (12)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 23 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (0)
- C (14)
- G (0)
- D (8)
- No EPC (14)
Top 3 Most Expensive Sales
- Sold Jun 2021£310,000 | 4 Bed House20, Reeves Way, Peterborough, PE1 5LG20, Reeves Way, Peterborough, PE1 5LG
- Sold Dec 2024£285,000 | 4 Bed House20, Reeves Way, Peterborough, PE1 5LG20, Reeves Way, Peterborough, PE1 5LG
- Sold Nov 2022£285,000 | 3 Bed House18, Reeves Way, Peterborough, PE1 5LG18, Reeves Way, Peterborough, PE1 5LG
Schools Nearby
- Newark Hill Academy200 m away
- St Thomas More Catholic Primary School800 m away
- Lime Academy Parnwell900 m away
- City of Peterborough Academy400 m away
- St John Fisher Catholic High School800 m away
- Greater Peterborough UTC1.0 km away
More reading links
Public Transport Nearby
The closest station to PE1 5LY is Peterborough station, which is 2.6 kilometres away.
- Peterborough|2.6 km away
- Whittlesea|8.0 km away
- Stamford (Lincs)|18.9 km away
- March|21.2 km away
