2-bedroom flat · PE1 5GX
Sold STCReduced £5k (−6.3%) on 28 JulListed 180 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment Opportunity (cash only)– Tenant in Situ A fantastic chance for landlords to acquire a spacious two-bedroom second-floor apartment, currently achieving £825 pcm with a tenant in place.
Approx yield 12.3% – providing immediate rental income.
Ideally located close to local amenities and within easy reach of Peterborough city centre, this modern apartment offers excellent rental appeal to young professionals and small families, making it a solid addition to any buy-to-let portfolio.
The accommodation briefly comprises: Welcoming entrance hallway Bright and airy living space Modern fitted kitchen Two generous double bedrooms, including a master with en-suite Stylish family bathroom Externally, the property benefits from a communal outdoor space and a designated parking space for residents.
Investor Note: Currently let at £825 pcm approx yield 9.9%, this property generates a strong rental return with a reliable tenant already in situ.
Disclaimer These particulars are intended as a general guide only and do not form part of any offer or contract.
All descriptions, dimensions, references to condition, necessary permissions for use and occupation, and other details are provided in good faith but without responsibility and should not be relied upon as statements or representations of fact.
Prospective purchasers or tenants should satisfy themselves as to the accuracy of all information by inspection or other means.
Plans, photographs, and floor areas are provided for illustrative purposes only and may not be to scale.
Any reference to appliances, services, or systems does not imply that they are in working order or have been tested.
We have not carried out a structural survey, nor have we tested any services, equipment, or facilities. Accordingly, we cannot confirm that these are in working order or fit for purpose.
In accordance with current regulations, we may receive a commission or referral fee from third-party service providers, including but not limited to mortgage brokers, financial advisors, conveyancers, surveyors, and insurance providers, should you choose to use their services.
Details of any such arrangements are available upon request. All measurements are approximate. Purchasers are advised to verify all information independently before proceeding with a transaction.
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 advisors 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
Agent & docs
FAQ
About 83 Varity House,, Vicarage Farm Road, Cambridgeshire
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