Summary - 61, VARITY HOUSE, VICARAGE FARM ROAD PE1 5GW
1 bed 1 bath Apartment
Ideal low-maintenance investment near excellent transport links and university.
Open-plan kitchen/living area with modern fittings
Secure off-street parking and lift access
Chain-free sale; popular rental location
Short bus links to city centre, university and train station
Small overall size — about 399 sq ft
Electric room heaters (no gas central heating)
Leasehold with c.115 years remaining; additional fees possible
Area has high crime and high deprivation — affects lettings and values
This compact one-bedroom apartment on Vicarage Farm Road is presented as a straightforward buy-to-let opportunity in a popular rental pocket of Peterborough. The open-plan kitchen/living area, modern bathroom and secure off-street parking make it practical and easy to let to students or commuters.
Transport links are a clear strength: a short bus ride reaches Peterborough city centre, university and the train station with fast services to London. The property is offered chain-free and has lift access, which adds convenience for tenants and reduces voids caused by access issues.
Be aware of a few material considerations. The flat is small (around 399 sq ft) and uses electric room heaters rather than a gas central system, which can increase running costs. The surrounding area is classified as very deprived with higher local crime rates; this can affect tenant type, rental levels and long-term capital growth.
The lease has about 115 years remaining, which is generally acceptable for mortgage and letting purposes, but prospective buyers should confirm service charges, ground rent and any additional leasehold fees. Recommended buyers—especially investors—should carry out their own checks, including a survey and verification of lease documents and operating costs.
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