2-bedroom flat · PE1 5GW
For saleListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity to acquire a ground floor apartment within this modern development off Vicarage Farm Road, Peterborough.
The property requires full renovation and modernisation throughout and is ideally suited to a cash buyer looking for a project or investment opportunity.
Varity House is a modern development with a generous amount of parking to the front, with a secure entry system providing access into the communal areas and hallways.
The apartment is entered via a hallway with useful storage space and leads into the open-plan kitchen and living area. The living space features two windows to the rear, providing good natural light.
Off the main living area is a shower room, with access also provided to both bedrooms. Both bedrooms have side-facing windows and are of a size suitable for double beds.
The main bedroom further benefits from its own three-piece shower room ensuite.
The property is being sold in its current condition and requires full renovation throughout, including the kitchen, bathrooms, flooring, decoration and other associated works.
Buyers are advised to satisfy themselves as to the condition of the property and the cost of any works required.
With its ground floor position, two-bedroom layout, parking and convenient Peterborough location, the property offers potential for those looking for a renovation project. Cash buyers only.
Viewing is recommended to fully appreciate the condition and extent of works required.
Rooms - ENTRANCE HALL KITCHEN AREA: 12'5" x 11'11" (3.78m x 3.63m) LIVING ROOM: 9'8" x 18'10" (2.95m x 5.74m) SHOWER ROOM BEDROOM 1: 8" x 14'3" (2.44m x 4.34m) ENSUITE SHOWER ROOM BEDROOM 2: 9'11" x 14'3" (3.02m x 4.34m) Council Tax/Tenure/Epc - Tenure, council tax band, and EPC rating details are provided by the vendor or relevant authority and should be verified by prospective buyers.
Marketing Information - Every effort has been made to ensure that these details are accurate and not misleading please note that they are for guidance only and give a general outline and do not constitute any part of an offer or contract.
Measurements, distances, and areas are approximate and should not be relied upon without verification. Interested parties should satisfy themselves of all details.
None of the appliances, services or equipment described or shown have been tested.
Services - Services, systems, and appliances shown have not been tested and no guarantee as to their operability or efficiency can be given.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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
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FAQ
About Varity House, Vicarage Farm Road, Peterborough, Cambs
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