PE2 8UE

Merlin Drive, Peterborough, East of England

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PE2 8UEHouse Prices / East of England, Peterborough, Merlin Drive

Name: PE2 8UE
Address: PE2 8UE, Peterborough, East of England, PE2 8UE, United Kingdom

Last updated May 2026

Key Postcode Insights

PE2 8UE is a residential postcode situated on Merlin Drive, Fletton Quays, Peterborough, PE2 with 84 addresses.

It ranks as the 845th largest and 499th most expensive of the 849 postcodes in the PE2 area. The dominant property type is a modern flat built after 1980.

The postcode contains a total of 84 properties: 84 flats.

Properties

Flats

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Key Postcode Insights

PE2 8UE is a residential postcode situated on Merlin Drive, Fletton Quays, Peterborough, PE2 with 84 addresses.

It ranks as the 845th largest and 499th most expensive of the 849 postcodes in the PE2 area. The dominant property type is a modern flat built after 1980.

The postcode contains a total of 84 properties: 84 flats.

Properties

Flats

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House Pricesin PE2 8UE

Sale prices range from £199,953 for 2 bedroom leasehold flats with a balcony (538 ft²) to £301,075 for 3 bedroom leasehold flats with a balcony (1,087 ft²) .

Monthly rental prices range from £799 pcm for 2 bed flats to £988 pcm for 3 bed flats.

The gross rental yield is between 3.9% and 4.8%.

The average value per square foot is £321.

Average Sale Value

£236,577

Average Rental Value

£868 pcm

Average Rental Yield

4.4% /year

Average Value Per Sqft

£321 /ft²

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Prices last updated 1st May 2026

Sales Market Trendsin PE2 8UE

The last sale in PE2 8UE sold for £225,000 on 11th October 2024. Since then prices are down an average of 4.1%.

The current average value in the postcode is £236,577.
The PE2 8UE Sales Market has increased by 20.5% over the last 10 years.

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Period	Year on Year	Average Price
April 2026	-2.3%	£236,577
April 2025	-1.8%	£242,268
April 2024	-1.7%	£246,814
April 2023	2.9%	£251,029
April 2022	8.6%	£243,898
April 2021	1.6%	£224,663
April 2020	-0.2%	£221,113
April 2019	2.6%	£221,448
April 2018	3.9%	£215,809
April 2017	5.8%	£207,619
April 2016	4.5%	£196,251
April 2015	4%	£187,743
April 2014	4.8%	£180,583
April 2013	2.3%	£172,382
April 2012	-3.3%	£168,436
April 2011	-3.5%	£174,097
April 2010	3%	£180,386
April 2009	-13.3%	£175,058
April 2008	-1.8%	£202,015
April 2007	0%	£205,616

Rental Market Trendsin PE2 8UE

The current average rental value in the postcode is £868.
The PE2 8UE Rental Market has increased by 29.6% over the last 10 years.

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Period	Year on Year	Average Price
April 2026	0.1%	£868pcm
April 2025	2.7%	£867pcm
April 2024	7.2%	£844pcm
April 2023	8.2%	£787pcm
April 2022	3.1%	£728pcm
April 2021	2.4%	£706pcm
April 2020	0.6%	£689pcm
April 2019	0.3%	£685pcm
April 2018	1.8%	£683pcm
April 2017	0.2%	£671pcm
April 2016	4.1%	£670pcm
April 2015	1.8%	£643pcm
April 2014	1.6%	£631pcm
April 2013	2.6%	£621pcm
April 2012	0.9%	£606pcm
April 2011	2.1%	£600pcm
April 2010	-2.6%	£588pcm
April 2009	-6.2%	£604pcm
April 2008	3.5%	£644pcm
April 2007	0%	£622pcm

Explore Buildingsin PE2 8UE, Merlin Drive, Fletton Quays, Peterborough, PE2

Clarkson House, Merlin Drive, Fletton Quays, Peterborough, PE2 Modern building84 units

Sales History
in PE2 8UE

The last sale was on 11th October 2024 for £225,000 and since then the market in the area has decreased by 4.1%. The postcode has had a total of 105 sales since 1995.