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See how verdicts work1-bedroom flat · PE2 9DS
For saleReduced £15k (−17.6%) on 26 OctListed 195 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in Phorpres House, Fletton (PE2), this one-bedroom ground floor flat offers an excellent opportunity for first-time buyers or investors, with scope for improvement and personalisation.
The property is in need of redecoration, providing a blank canvas for buyers looking to update and add value.
The accommodation comprises a spacious living room, offering a comfortable main reception space, along with a separate kitchen.
There is a double bedroom, providing good proportions for bedroom furniture, and a bathroom fitted with a three-piece suite, including bath, wash hand basin and WC.
The property benefits from electric heating throughout and is situated on the ground floor, offering easy access.
Externally, the development provides communal surroundings, and the property is well located within Fletton, offering convenient access to local amenities, transport links and Peterborough city centre.
The property is leasehold with approximately 86 years remaining and falls within Council Tax Band A This property represents a strong investment opportunity or an ideal first step onto the property ladder for buyers willing to undertake cosmetic improvement.
EPC rating: F.
Tenure: Leasehold, Length of lease (remaining): 86 years 8 months, Living Room 5.79m x 3.1m (19'0" x 10'2") Wall-mounted wooden shelf and ceiling spotlights set within a chrome plinth.
uPVC double glazed window to the rear aspect allowing for natural light. Finished with grey wood-effect vinyl flooring and complemented by a wooden curtain pole with fitted grey curtains.
Kitchen 1.78m x 3.1m (5'10" x 10'2") Fitted with a range of base and eye level units in a light wood finish, complemented by black worktops with grey speck detailing.
Tiled splashbacks featuring grey and dark blue tiles with a decorative border of smaller black tiles above. Integrated electric hob and oven unit. Stainless steel sink with hot and cold taps.
Wall-mounted thermostat. Pendant light fitting. uPVC double glazed window to the rear aspect. Finished with beige marble effect tiled flooring.
Bedroom One 3.06m x 3.1m (10'0" x 10'2") uPVC double glazed windows to the rear and side, allowing for plenty of natural light.
Fitted with a white wooden curtain pole and green curtains to both windows, with additional brown slatted blinds to one window. Pendant light fitting. Finished with grey wood-effect vinyl flooring.
Bathroom 1.84m x 2.09m (6'0" x 6'10") Fitted with a three-piece suite comprising bath, wash hand basin, and WC. Electric Srixon shower unit over the bath with chrome shower curtain pole.
Tiled surrounds in white with matching white grout to the bath and sink areas. Additional features include a dome light fitting, extractor fan, and loft hatch.
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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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
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FAQ
About Phorpres House, Fletton, Peterborough, PE2
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