Summary - Monument Street, Peterborough PE1 4AQ
1 bed 1 bath Flat
Compact ground-floor apartment ideal for first-time buyers or buy-to-let.
- Chain free one-bedroom ground-floor flat in city centre
- Allocated off-street parking space included
- Open-plan kitchen/living area; good natural light
- Leasehold with 99 years remaining (verify pack)
- Service charge approx £1,414.68 pa; ground rent £75 pa
- Electric storage heaters; no gas central heating
- No private garden; compact footprint (approx 464 sqft)
- Area: high crime rate and classed very deprived
This one-bedroom ground-floor apartment in central Peterborough suits a first-time buyer or investor seeking a low-entry city-centre purchase. The flat is offered chain free with an allocated parking space and a compact open-plan kitchen/living area that benefits from good natural light. Its EPC C suggests reasonable energy performance for an electric-heated property.
Be clear on costs and constraints: the home is leasehold with 99 years remaining, a service charge of £1,414.68 (average) and a small ground rent of £75. Heating is by electric storage/night storage heaters, and there is no private garden — maintenance and ongoing charges should be checked with solicitors and the management pack.
Location is a core selling point: walking distance to Peterborough station, close to shops and amenities, and fast broadband/mobile coverage. However, the immediate area has high crime levels and is classed as very deprived; buyers should consider suitability for family living versus rental use and carry out due diligence on selective licensing if buying to let.
For buyers after a straightforward, city-centre studio-style home or landlords seeking a lettable unit, the property offers immediate occupation and simple upkeep. Those wanting extensive space, off-grid heating, or a low-service-charge freehold should look elsewhere.
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