3, IRIS DRIVE, PETERBOROUGH, PE2 9SS - £257,500

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

3 IRIS DRIVE is a very large detached house of 156m², built sometime from 2007 onwards, which could now be worth an estimated £411,842. It was last sold for £257,500 in March 2015, which was around 11% above the average March 2015 detached price in the City of Peterborough local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

3 IRIS DRIVE Sold Prices

Land registry data shows two sales for 3 IRIS DRIVE 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 3 IRIS DRIVE sales were for above 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
2015 11 MAR	£257,500	£232,998	11% above HPI
2007 26 OCT	£281,995	£236,299	19% above HPI

3 IRIS DRIVE 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 3 IRIS DRIVE sales from October 2007 and March 2015 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 October 2007 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the March 2015 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 3 IRIS DRIVE be worth now?

3 IRIS DRIVE might now be worth an estimated £411,842.

This is based on house price inflation of 59.9%, between March 2015 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 59.9% inflationary increase is applied to the most recent sale price for 3 IRIS DRIVE of £257,500 on 11th March 2015. For the value to have increased from £257,500 to £411,842 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 3 IRIS DRIVE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The March 2015 sale price of £257,500 represented a fair market value for the property.
• The size, condition, and specification of 3 IRIS DRIVE has not materially changed since March 2015.

How Large is 3 IRIS DRIVE?

3 IRIS DRIVE is 156m² according to the EPC inspection conducted in May 2010. This puts it in the largest 20% 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 3 IRIS DRIVE lies on this distribution: 82% of detached houses houses are smaller than 3 IRIS DRIVE, and 18% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

3 IRIS DRIVE: Plot and Title Map

3 IRIS DRIVE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 3 IRIS DRIVE, 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 3 IRIS DRIVE). 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 3 IRIS DRIVE?

3 IRIS DRIVE is located in PETERBOROUGH, in the PE2 postcode district. The below map shows the position of No. 3 on IRIS DRIVE.