18, HERALD WAY, PETERBOROUGH, PE4 7BP - £233,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 HERALD WAY is a small detached house of 91m², which could now be worth an estimated £289,044. It was last sold for £233,500 in July 2018, which was around 22% below the average July 2018 detached price in the City of Peterborough local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was C.

18 HERALD WAY Sold Prices

Land registry data shows two sales for 18 HERALD WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. Both of the two 18 HERALD WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 20 JUL	£233,500	£301,043	22% below HPI
2014 30 MAY	£184,950	£224,967	18% below HPI

18 HERALD WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The two 18 HERALD WAY sales from May 2014 and July 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2014 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2018 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 18 HERALD WAY be worth now?

18 HERALD WAY might now be worth an estimated £289,044.

This is based on house price inflation of 23.8%, between July 2018 and February 2025, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.8% inflationary increase is applied to the most recent sale price for 18 HERALD WAY of £233,500 on 20th July 2018. For the value to have increased from £233,500 to £289,044 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 18 HERALD WAY has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The July 2018 sale price of £233,500 represented a fair market value for the property.
• The size, condition, and specification of 18 HERALD WAY has not materially changed since July 2018.

How Large is 18 HERALD WAY?

18 HERALD WAY is 91m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterborough, and where 18 HERALD WAY lies on this distribution: 26% of detached houses houses are smaller than 18 HERALD WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

18 HERALD WAY: Plot and Title Map

18 HERALD WAY sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 18 HERALD WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 18 HERALD WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 18 HERALD WAY?

18 HERALD WAY is located in PETERBOROUGH, in the PE4 postcode district. The below map shows the position of No. 18 on HERALD WAY.