2-bedroom property · PE2 9QA
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Mixed use property on Oundle Road, close to the city centre and local amenities and sat on a substantial plot of approximately 0.25 acres, with further scope for development (STP) and offered for sale with no chain.
With over 3,700 sq ft of floor space set across the main building and the detached workshop and garages, this property offers a unique opportunity for a business or investor to purchase a site suitable for a variety of needs.
The main building is currently split into commercial offices on the ground floor and residential apartments to the upper floor. A workshop, store and loft sit to the rear of the main building.
A further detached workshop and garages are located beyond the main building, with a storage yard and parking for several vehicles situated to the rear of the site, enclosed by iron gates.
Commercial premises will be vacated prior to completion. Option to purchase with residential tenants in situ or with vacant possession.
Ideal development opportunity (STP) or for a business looking for premises with substantial workshop, yard and storage spaces.
Investor information: Tenure: Freehold Commercial premises: EPC Rating - C. Rateable value - £8,400. Flat 1: Periodic tenancy, £515pcm. Council Tax - Band A. EPC Rating - D.
Flat 2: Fixed term tenancy to 3rd March 2025, £700pcm. Council Tax - Band A. EPC Rating - D.
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
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FAQ
About Bull & Co Ltd, 234 Oundle Road, Peterborough
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