2-bedroom flat · PE1 1JX
Listing removedListed 744 days
Opportunity summary
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About
*** LOCATED IN THE HEART OF THE CITY CENTRE - IDEAL COMMUTERS LOCATION *** ''Guide Price of £135,000 - £145,000.
Available with tenant in situ paying £850.00 per month, or with vacant possession, this 2 bedroom apartment is located just across from the train station and in the city centre.
Featuring an open plan kitchen/living space, 2 double bedrooms with an en-suite to bedroom one and an additional bathroom. There is also an allocated parking space.
EPC Energy Rating - D/Council Tax Band - C ''. Entrance Door to front.
Kitchen / Living 18' 1" x 13' 7" (5.51m x 4.14m) (approx) Fitted with a range of base and eye level units with work surfaces over, sink unit, integrated oven, hob space for fridge / freezer and cupboard.
Two windows to rear. Bedroom 1 14' 6" x 8' 5" (4.42m x 2.57m) (approx) Window to rear and cupboard.
Ensuite 6' 8" x 5' 0" (2.03m x 1.52m) (approx) Fitted with a three piece suite comprising low level W/C, wash hand basin and shower cubicle. Window to rear.
Bedroom 2 18' 4" x 7' 9"(min)(5.59m x 2.36m) (approx) Window to rear and cupboard.
Bathroom 7' 1" x 6' 2" (2.16m x 1.88m) (approx) Fitted with a three piece suite comprising low level W/C, wash hand basin, bath and heated towel rail.
Agent Notes 1 The floorplan is for illustrative purposes only. Fixtures and fittings do not represent the current state of the property. Not to scale and is meant as a guide only.
Agent Notes 2 There is a service charge of £536.56 for 6 months with Eight Asset management. The ground rent is £25 for 6 months. The lease is 125 years from 29th September 2016.
Allocated one parking space.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
FAQ
About Priestgate, Peterborough, PE1
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