At Smart Move Properties, we’re excited to share with you why Peterborough is an excellent place to buy a house. As experts in the local property market, we’ve helped thousands of people find their dream homes in this vibrant city. If you’re considering a move or investment, here are seven compelling reasons why Peterborough should be at the top of your list.
1. Affordable Property Prices
One of the most attractive aspects of buying a house in Peterborough is the affordability of properties compared to many other UK cities. The average house price in Peterborough is significantly lower than in nearby Cambridge or London, making it an ideal location for first-time buyers and those looking to get more for their money.
When you start your property search in Peterborough, you’ll be pleasantly surprised by the range of houses and properties available within your budget. Whether you’re looking for a cosy one-bedroom flat or a spacious family home with multiple bedrooms, Peterborough has options to suit various circumstances and requirements.
By choosing to buy in Peterborough, you can save thousands on your purchase compared to other nearby locations. This means lower mortgage payments and the opportunity to pay off your home loan faster. It’s worth noting that while prices are affordable, the property market in Peterborough has shown steady growth, making it a great investment for the future.
2. Excellent Transport Links
Peterborough’s location and transport infrastructure make it an ideal place to buy a house, especially for commuters. The city boasts excellent rail connections, with direct trains to London King’s Cross taking just 50 minutes. This makes Peterborough an attractive option for those who work in the capital but prefer a more affordable and relaxed lifestyle.
In addition to rail links, Peterborough has good road connections via the A1(M) and A47, making it easy to travel to other parts of the country. This connectivity not only enhances your lifestyle options but also adds value to your property investment.
3. Growing Economy and Job Opportunities
Peterborough’s economy has been growing steadily, with new businesses and industries setting up shop in the city. This growth has created a range of job opportunities across various sectors, from technology to renewable energy.
For those considering buying a house in Peterborough, this economic growth provides a sense of security. Knowing that the job market is strong can give you peace of mind when making such a significant investment. It also means that if you decide to sell in the future, there’s likely to be a strong demand for properties in the area.
4. Quality of Life
When you buy a house in Peterborough, you’re not just investing in bricks and mortar; you’re investing in a lifestyle. The city offers a perfect balance of urban amenities and natural beauty. With numerous parks, green spaces, and the picturesque River Nene, Peterborough provides plenty of opportunities for outdoor activities and relaxation.
The city centre has undergone significant regeneration in recent years, creating a vibrant hub with a mix of shops, restaurants, and entertainment venues. Whether you’re looking for a quiet suburban life or a more bustling urban experience, Peterborough has areas to suit all preferences.
5. Excellent Schools and Education
For families considering a move to Peterborough, the quality of education is often a key factor. We’re happy to report that Peterborough boasts a range of excellent schools, both at the primary and secondary levels. The city is also home to University Centre Peterborough, offering higher education opportunities right on your doorstep.
When you’re house hunting in Peterborough, it’s worth considering the proximity to good schools. Our team at Smart Move Properties can help you find homes in catchment areas for the best schools, ensuring your children have access to quality education.
6. Rich History and Culture
Peterborough is a city steeped in history, with its stunning cathedral dating back to the 12th century. When you buy a house here, you’re not just getting a place to live; you’re becoming part of a rich cultural tapestry.
The city hosts numerous events throughout the year, from the Peterborough Festival to the Heritage Festival. These events bring the community together and create a strong sense of belonging. Living in Peterborough means you’ll never be short of things to do or places to visit.
7. Future Development and Growth
Peterborough is a city with its eyes firmly on the future. There are several major development projects in the pipeline, including new housing developments, shopping centres, and infrastructure improvements. This ongoing investment in the city is likely to drive up property values over time, making now an excellent time to buy.
When you purchase a house in Peterborough, you’re not just buying for today; you’re investing in the city’s future growth and development. This forward-thinking approach makes Peterborough an exciting place to live and a smart choice for property investment.
How to Start Your House Hunting Journey in Peterborough?
Now that we’ve highlighted why buying a house in Peterborough is worth considering, you might be wondering how to get started. Here are some tips to help you begin your property search:
1. Get your Finances in Order:
Before you start viewing properties, it’s important to understand your budget. Speak to a mortgage advisor to get an idea of how much you can borrow and what your monthly payments might be. Remember to factor in additional costs like solicitor fees and stamp duty.
2. Create a wish List:
Make a note of your must-haves and nice-to-haves. How many bedrooms do you need? Do you require a garden? Is parking essential? Having a clear idea of your requirements will help narrow down your search.
3. Research Different Areas:
Peterborough has a variety of neighbourhoods, each with its own character. Take some time to visit different areas and get a feel for them. Consider factors like proximity to schools, shops, and transport links.
4. Use online property portals:
Websites like Rightmove and Zoopla can give you a good idea of what’s available in your price range. You can save searches and set up alerts for new properties that match your criteria.
5. Register with Estate Agents:
Local estate agents like us at Smart Move Properties have in-depth knowledge of the Peterborough market. We can alert you to new properties before they hit the market and provide valuable insights into different areas.
6. Be Prepared to Act Quickly:
The Peterborough property market can move fast, especially for desirable properties. Once you find a house you like, be prepared to make an offer. Having your mortgage in principle and solicitor lined up can help speed up the process.
7. Don’t Rush, But Don’t Hesitate:
While it’s important to move quickly when you find the right property, don’t feel pressured into making a decision. Take the time to ensure the house meets your requirements and that you’re comfortable with the investment.
At Smart Move Properties, we’re here to help you navigate every step of your house-buying journey in Peterborough. Our team of experienced professionals can guide you through the process, from your initial property search to the exciting moment when you get the keys to your new home.
We understand that buying a house is one of the biggest decisions you’ll make, and it can feel overwhelming at times. That’s why we’re committed to providing a personalised service tailored to your specific circumstances and requirements. Whether you’re a first-time buyer, a growing family looking for more space, or an investor seeking opportunities in Peterborough’s promising market, we’re here to help.
Don’t worry if you have queries or need more information about buying a house in Peterborough. We’re always happy to chat and provide free, no-obligation advice. Our goal is to ensure you find a property that not only meets your needs but also brings you joy for years to come.
So why wait? Start your journey to homeownership in Peterborough today. Give us a call or visit our website to book a consultation. Let’s work together to find your perfect home in this wonderful city. Remember, with Smart Move Properties, your dream home in Peterborough is just a phone call away!
FAQs
Q: What’s the average house price in Peterborough?
A: As of 2023, the average house price in Peterborough is around £250,000, but this can vary depending on the type and location of the property.
Q: How long does it typically take to buy a house in Peterborough?
A: On average, it takes about 2-3 months from having an offer accepted to completion, but this can vary depending on individual circumstances and the complexity of the purchase.
Q: Are there any upcoming developments in Peterborough that might affect property values?
A: Yes, Peterborough is undergoing significant regeneration, including the North Westgate development and expansion of the university campus, which could positively impact property values.
Q: What are the best areas for families to buy in Peterborough?
A: Popular areas for families include Werrington, Hampton, and Orton Longueville, which are known for their good schools and family-friendly amenities.
Q: Do I need a large deposit to buy a house in Peterborough?
A: While a larger deposit can help secure better mortgage rates, there are options available for buyers with smaller deposits, including 5% deposit mortgages for first-time buyers.
