2-bedroom flat · PE3 7EH
For saleListed 182 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This second floor apartment benefits from REFURBISHMENT to include a RE-FITTED BOILER (approximately 3 years ago) and NEW WINDOWS (approximately 4 years ago), being sold with NO ONWARD CHAIN and making an ideal first-time home or investment opportunity.
The accommodation is accessed via a communal staircase, with the apartment offering an entrance hall, spacious lounge diner, kitchen, TWO BEDROOMS and a three-piece family bathroom.
Outside there is communal parking to the front aspect.
EPC Rating: D Lounge Diner 3.14m x 4.9m Kitchen 2.3m x 2.36m Bedroom One 3.32m x 3.74m Bedroom Two 1.7m x 3.3m Family Bathroom 1.87m x 2.0m Lease The lease commenced on 20th August 1990 for the term of 125 years, with approximately 90 years remaining on the lease at present.
We have been advised of weekly combined service charge and ground rent payments equating to £28.72, which equates to an annual amount of approximately £1,493.44.
Council Tax Information Local Authority: Peterborough City Council Council Tax Band: A Disclaimer These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Note to Buyers Intending purchasers will be asked to complete our anti-money laundering and compliance checks, as well as provide evidence of funds in order to proceed with a successful offer.
We would ask for your co-operation in order that there will be no delays with the agreed purchase.
Newton Fallowell and our partners provide a range of services to buyers, although you are free to use alternative providers.
We can refer you on to Mortgage Advice Bureau for help with finance – we may receive a fee of £200 if you take out a mortgage through them.
We can also refer you to our recommended solicitors, who we may receive a fee in the region of £300 from if you use their services.
Value & comps
No previous sales on record.
Returns
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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 advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
FAQ
About Axiom Avenue, Peterborough, PE3
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