Summary - 40 Cubitt Way PE2 9NG
2 bed 2 bath Flat
Commuter-friendly home near the station with long lease and gated parking.
- Top-floor two-bedroom apartment with balcony views of cathedral and river
- Short walk to Peterborough train station and city centre amenities
- Gated parking included; double glazing throughout
- Long lease (979 years) and no onward chain for quick completion
- Service charge approx £2,831 pa; ground rent £250 pa
- Electric boiler heating — potentially higher running costs
- Property in area with higher crime and local deprivation
- Family bathroom unkept; likely needs cleaning or minor refurbishment
This two-bedroom top-floor flat sits within easy walking distance of Peterborough station and the city centre, making it an attractive option for first-time buyers and buy-to-let investors seeking strong transport links. The open-plan living area opens onto a balcony with cathedral and river views — a rare city-centre vantage. The principal bedroom benefits from an en-suite; overall the layout is practical for modern living and totals about 808 sq ft.
Practical positives include gated parking, double glazing, a long lease of 979 years and no onward chain for a quick move. The building dates from the early 2000s and presents a mostly modern finish; communal external areas and balconies follow contemporary apartment styling.
Buyers should note material considerations: the property is leasehold with an annual service charge (~£2,831) and ground rent (£250). Heating is electric boiler and radiators which can be more costly than gas alternatives. The neighbourhood scores higher for crime and shows signs of local deprivation, which will affect long-term demand and insurance costs. The family bathroom appears unkept and will need cleaning or minor refurbishment.
This apartment suits someone prioritising location and transport access who is comfortable managing service charges and city-centre trade-offs. For a first-time buyer it offers a straightforward entry into the market with a long lease and immediate occupancy; for an investor it provides lettable appeal close to the station but requires realistic rental projections given local area indicators.
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