2-bedroom flat · PE1 5GW
For saleReduced £2.5k (−2.6%) on 30 SepListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold This spacious two-bedroom ground floor flat offers a fantastic opportunity for cash buyers seeking a straightforward purchase, whether you are an investor or looking for a comfortable home with easy access to all that Peterborough has to offer.
With 721 square feet of well-proportioned accommodation, the flat features a bright and airy open-plan kitchen, dining and living area, complete with an integrated oven, hob and extractor hood, making it ideal for modern living and entertaining.
The two double bedrooms provide flexible and generous space, with the main bedroom benefiting from its own en-suite shower room for added privacy and convenience.
A separate shower room and a useful built-in storage cupboard are accessed from the main living area, offering practical storage solutions and making day-to-day life that little bit easier.
The property is set within a secure building, with a large car park at the front (gated for extra peace of mind), so you can come and go with confidence and ease.
Located just three miles from Peterborough Train Station and the city centre, this flat is perfect for commuters or anyone wanting quick access to shopping, leisure and dining amenities.
The property is offered with a long lease of approximately 115 years remaining, and the financials are clear and manageable, with a ground rent of £272 per annum, a service charge of £1,600 per annum, and Council Tax Band B (approximately £1,700 per annum).
With no forward chain, this flat is ready for you to move in or let out straight away, providing a smooth and potentially quicker purchase process.
Whether you are a first-time buyer, a downsizer seeking single-level living, or an investor looking for a smart addition to your portfolio, this well-located and well-presented flat ticks all the boxes for comfortable and convenient city living.
EPC Rating: D Entrance Hallway (3.55m x 1.52m) Bedroom Two (4.61m x 2.12m) En-Suite (2.12m x 1.21m) Bedroom One (3.81m x 2.59m) Hallway (3.05m x 1.22m) Kitchen/Living/Dining Room (0.20m x 5.19m) Parking - Secure Gated Secure gated car park.
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 23 Varity House Vicarage Farm Road, Peterborough
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