Peterborough Letting Advice

Peterborough sits on the edge of Cambridgeshire, and has a population approaching 165,000.  One of the many ‘New Towns’ declared in the 1960’s, today it’s a popular, rapidly expanding cathedral city with a healthy lettings market. This guide to letting in Peterborough should provide some handy advice for both those on the hunt for rental property in the town and those looking to cash in on this increasingly popular place to live.

Peterborough Letting – A Brief Guide

Peterborough is an intriguing mix of the old and the new – there’s no doubt it has plenty of character, with local landmarks including the impressive cathedral and striking town hall as well as regional heritage sites such as Burghley House – but it’s the spirit of the sixties that really influences this city moving forward.

In terms of renting, Peterborough is set to be an exciting place to live over the next few years as an extensive £1 billion regeneration of the city centre. There’s also much to indicate that this town is going to be increasingly important to the UK economy in the 21st century, with economic growth standing at 6.9 per cent in 2005 – the highest figure in the whole of Britain. That statistic should register strongly for anybody looking at letting opportunities in this town – it suggests at a city ripe with potential.

For those considering a rental property in Peterborough, there’s much to recommend the city when it comes to heritage, culture and sport. The town is home to Peterborough Utd FC, the city’s football league team, and one that has enjoyed much success in recent years including two back-to-back promotions. If sport holds no interest, you may be intrigued by the generous amount of museums, galleries and theatres on offer including the vibrant Key Theatre.

Peterborough Rental Statistics

•    Average Rental Price - £550pcm

•    1 bed rent – £411pcm

•    2 bed rent – £537pcm

•    3 bed rent – £584pcm

•    4 bed rent - £813pcm