Summary - Etna House 55 Broadway, Peterborough, PE1 1SH PE1 1SH
19 bed 1 bath Block of Apartments
Fully let 19-apartment freehold with 8.37% current yield and rental upside.
19 fully refurbished one- and two-bedroom apartments
A purpose-built freehold investment block offered as a fully occupied, income-producing asset in central Peterborough. The development comprises 19 one- and two-bedroom, high-spec apartments refurbished and reconfigured in 2016–2017 and benefits from 15 allocated parking spaces (including one blue badge bay). Current passing rent produces a gross yield of 8.37% with clear rental upside to an anticipated 9.59% if market rents are achieved. EPC rating C and mains gas central heating are already in place.
Location supports commuter demand: the property is a 15-minute walk (≈1.1 km) to Peterborough station with direct mainline services to London King’s Cross in about 54 minutes. The city’s broad employment base, ongoing regeneration and relative affordability underpin steady demand for 1–2 bed apartments, making the block suitable for long-term hold investors seeking stable cashflow and medium-term rent growth.
There are material local-market considerations to factor into underwriting. The immediate area records high crime levels and is classified as very deprived, which can influence tenant mix, void risk and capital appreciation. Selective licensing was introduced in 2024 but all required licences for the development have been granted (five-year licences). Detailed financial schedules, floor plans and tenancy information are available on request to support buyer due diligence.
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