It was named as one of the most affordable commuter towns/cities in the country in a Lloyds Bank survey last year, offering the best deal for commuting to London when looking at the difference between average house prices, cost and time of commuting, and annual salaries.
The city also has a good employment rate at around 74% with 5% of people in full time employment working from 35-45 hours per week, which is much higher than average. The journey time to London by train is 51 minutes making commuting from the city very attractive.
Peterborough boasts several thriving shopping centres such as Serpentine Green and historic Cathedral Square, with its farmers’ markets, street entertainment and chic wine bars, restaurants and cafes. Peterborough Garden Park and the Queensgate Shopping Centre both provide an excellent range of shops and eateries.
Peterborough has plenty of family entertainment including a 24-lane Superbowl and the 13 screen Showcase cinema. The Broadway and Key Theatre offer a year-round programme of shows and bands, comedy names and pantomimes. Residents can enjoy a varied schedule of events throughout the year, including the CAMRA Beer Festival, East of England Show and the Peterborough Festival.
The city has Greyhound Stadium, Peterborough United Football Club (known as The Posh) and also a Premier League ice hockey team and an Elite League speedway team.
Nene Park offers acres of woodland, lakes and meadows along the beautiful valley of the River Nene where you can walk or jog, cycle or fish, ride a horse or ride a train on the Nene Valley Railway less than three minutes from Peterborough's busy city centre. Thorpe Meadows, the closest area of Nene Park to the city centre is also a popular destination for walkers, joggers and cyclists with a network of paths around the rowing lake, riverbank and Sculpture Park.
Heritage Park Primary School and Southfields Primary School are sought-after schools in the city. The King’s School is a publically funded independent secondary academy. The Peterborough School is a co-educational prep school up to 18. Anglia Ruskin University has campus at Guild House in Peterborough. It’s a dedicated healthcare site where many of the region’s nurses and healthcare professionals are trained.
A monthly season ticket to London costs £595.20 from Peterborough (£6,200 annually) with the fastest journey time 51 minutes. Trains to Cambridge take 50 minutes (£314.50 monthly, £3,276 annually); Leicester takes 54 minutes (£410.20 monthly, £4,272 annually).
Peterborough is just under 100 miles from London with a journey time of 1 hr and 52 minutes. Peterborough is 66 miles to Stansted Airport just over an hour by road and 63 miles from East Midlands Airport with a journey time of 1 hr 21 minutes.
Peterborough is currently undergoing a major £1bn regeneration which includes the redevelopment of its Queensgate Shopping Centre and the creation of a £10m Future Business Centre among other initiatives. About 200 jobs will be created once the extension is complete, adding 10 per cent to the total number of people employed by Queensgate.
Here’s a round-up of great new homes to buy in Peterborough:
The Gables (Weston Homes) - A stylish collection of new and converted homes in The Gables, a Grade II Listed building, part of the redevelopment of Peterborough District Hospital. Peterborough station is within half a mile of the development, and just seven miles from junction 17 of the A1, providing commuters with good access to London, Northampton and Milton Keynes. The development is across two locations, offering one-, two- and three-bedroom conversion houses and apartments, and three-, four- and five-bedroom new build homes. Prices on application. Find out more about The Gables from Weston Homes
Hempsted Park (Larkfleet Homes) - A development of eco-friendly one-, two-, three- and four-bedroom homes with solar panels fitted as standard in the historic and thriving city of Peterborough. Situated on the outskirts of the the city, homeowners will have easy access to the vibrant city life, and commuters will have excellent transport links by both road and rail to London, Cambridge and Stansted Airport. Prices from £235,995. Find out more about Hempsted Park from Larkfleet Homes
The Sycamores (Barratt Homes) - Within easy reach of the city, this development offers a selection of one-, two-, three- and four-bedroom homes. Ideal for families as there is a choice of excellent schools within walking distance. Peterborough’s train station is two miles away. There are plenty of nearby local ameneties, but the location of The Sycamores means you are still within easy reach of the beautiful Cambridgeshire countryside. Prices from £142,495. Find out more about The Sycamores from Barratt Homes
The Print Works (Persimmon Homes) - The Print Works offers homeowners the best of both worlds, with the city centre nearby and beautiful countryside to the west of the development. There are 11 different house styles to choose from ranging from The Alnwick a stylish two-bedroom home with a parking space, perfect for an investment or first-time buyer, to The Winster a five-bedroom family home with a spacious kitchen/diner, en suite to the master bedroom and integral garage. Prices from £179,950. Find out more about The Print Works from Persimmon Homes
Connect21 (Kier Living) - A fantastic development of three styles of two-bedroom apartments names the Edison, the Eames and the Dean. Each homes benefits from open-plan living space leading onto a private balcony. The beautiful Marsh Wildlife Area borders the development. Prices start at £124,995. Find out more about Kier Living