2-bedroom bungalow · PE2 8LY
Sold STCListed 28 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a spacious two-bedroom detached chalet bungalow offering around 1,251 sq ft of accommodation, sitting on a generous plot in the established Stanground area of Peterborough.
The property requires modernisation throughout, but that is a big part of its appeal.
There is plenty of space to work with and a layout that gives the next owner an opportunity to update the house to suit their own requirements.
On the ground floor, the entrance hall leads through to a versatile dining room at the front of the home, which could equally work as an additional bedroom, home office or second reception room depending on the needs of the new owner.
The lounge offers a generous amount of living space, while the kitchen is positioned towards the rear of the property.
A ground-floor bathroom and additional storage complete the accommodation on this level.
Upstairs are two well-proportioned bedrooms, both benefiting from good natural light and useful space within the eaves. Outside is where the property becomes particularly interesting.
The back garden is considerably larger than you might expect , with an established range of mature trees and shrubs and plenty of space for someone to put their own stamp on it.
There is also a detached garage, adding further practical storage. The house is situated in Stanground, with a choice of local shops, schools and everyday amenities nearby.
There are bus stops close to Ellwood Avenue, while Peterborough city centre and railway station are also within easy reach.
For someone looking for space, a large garden and the opportunity to create a home to their own taste , there is a lot to work with here.
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
Agent & docs
FAQ
About 40 Ellwood Avenue, Peterborough
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