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See how verdicts work3-bedroom flat · PE3 6AQ
Listing removedReduced £15k (−8.1%) on 4 AugListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Freehold apartment - This immaculately presented ground floor apartment is located on Thorpe Road, just a five minute walk from the city centre and station and within just a few minutes of the green space of Thorpe Meadows as well as the prestigious Peterborough School.
Ideal for commuters and families alike, early viewing is recommended.
On the ground floor of a well maintained block, the apartment is sold with a share of the freehold - making it an attractive proposition for investors too.
The accommodation comprises entrance hall, lounge/diner, kitchen, three double bedrooms, bathroom and separate toilet.
Outside is a garage within a block, as well as four communal visitor parking spaces.
The property benefits from UPVC double glazing and modern electric heating and is available for sale with no onward chain.
Whilst the sale includes the freehold element, a lease remains in place and the details are as follows: Length of lease - 199 years from 1st April 1974.
Service charge - £1,604.16 per annum, paid in 12 equal instalments of £133.68.
Council Tax - Band B EPC Rating - D Entrance Hall Entrance door, intercom, airing cupboard, storage cupboard, electric heater and fitted carpet.
Living Room 5.13m x 3.34m - 16'10” x 10'11” UPVC double glazed window to rear aspect, electric heater and fitted carpet.
Kitchen 3.82m x 2.13m - 12'6” x 6'12” UPVC double glazed window to front aspect, a range of matching eye and base level units, worktop space, stainless steel sink with drainer and mixer tap, plumbing for washing machine, space for cooker and fridge/freezer, tiled surround and vinyl flooring.
Bedroom One 3.81m x 3.34m - 12'6” x 10'11” UPVC double glazed window to front aspect, electric heater and fitted carpet.
Bedroom Two 3.64m x 2.8m - 11'11” x 9'2” UPVC double glazed window to front aspect, electric heater and fitted carpet.
Bedroom Three 3.8m x 2.6m - 12'6” x 8'6” UPVC double glazed window to front aspect, built-in wardrobe, electric heater and fitted carpet.
Bathroom 2.61m x 1.52m - 8'7” x 4'12” UPVC obscure double glazed window to front aspect, two piece bathroom suite comprising of panelled bath with glass screen and electric shower over and sink and vanity.
Heated towel rail, full height tiling and tiled flooring. Cloakroom 1.66m x 0.81m - 5'5” x 2'8” UPVC obscure double glazed window to front aspect, WC, full height tiling and tiled flooring.
Garage 5.21m x 2.54m - 17'1” x 8'4” Garage in block. Up and over door. Outside Communal, well manicured gardens to front and rear. Access to block from both front and rear. Allocated garage in block.
Four communal visitor spaces. Bin storage.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 3, Grovelands, Peterborough
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