Property · PE6 7TA
For saleListed 259 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a generously sized parcel of garden land situated on the sought-after Back Lane in the popular town of Eye.
This plot currently features a substantial double garage and workshop building, already connected to electricity, water, and drainage, offering excellent infrastructure for future development.
Key Features: - Garden land with scope for residential development (subject to planning permission) - Potential for 1–2 detached bungalows with gardens and off-road parking - Existing double garage and workshop on-site Mains electric, water, and drainage already connected - Attractive edge-of-town setting on a quiet no-through lane - Easy access to local amenities in Eye, a thriving market town - Approximate plot size: approx.
size 0,14 acres (STS) The site presents a superb opportunity for developers or self-builders, with ample space for two well-proportioned single-storey dwellings (STPP).
The peaceful setting and good-sized plot would particularly appeal to downsizers or families looking for single-level living in a semi-rural location.
Back Lane is a quiet residential lane located in the historic village of Eye, well known for its vibrant community, independent shops, excellent primary school, and beautiful countryside surroundings Mains electric, water, and drainage are already connected to the site via the existing buildings.
No current planning permission is in place. Interested parties are advised to make their own enquiries with Peterborough City Council regarding the likelihood of development consent.
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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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 Back Lane, Eye, Peterborough, PE6
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