Summary - 124 Fengate, PETERBOROUGH PE1 5BB
3 bed 1 bath Terraced
Chain-free Victorian terrace with large garden — renovation opportunity at auction.
Chain free three-bedroom Victorian terrace, freehold
Large private rear garden, decent plot size
Two reception rooms plus separate WC and utility
Needs full renovation; dated fixtures and fittings
Solid brick walls, likely uninsulated; glazing date unknown
Mains gas boiler and radiators present; services untested
Medium flood risk; area classified as very deprived
Sold at modern auction — 4.5% reservation fee applies
This three-bedroom Victorian terraced house in Fengate offers clear upside for investors or hands-on buyers prepared to renovate. The layout includes two reception rooms, a functional kitchen, first-floor bedrooms and a large private rear garden — useful for rental appeal or family living once updated.
The property will be sold at modern auction (subject to undisclosed reserve). A non-refundable reservation fee of 4.5% of the purchase price (minimum £6,600) plus other auction costs applies, and completion is typically required within 56 days. Prospective buyers should treat the sale as time-sensitive and complete their own surveys and funding checks before bidding.
Condition is a material consideration: the house needs renovation throughout. Solid brick walls likely lack cavity insulation, glazing dates are unknown, and fittings are dated. Heating is mains gas with boiler and radiators in place, but services and appliances have not been tested and should be inspected. There is a medium flood risk and the local area scores high on deprivation — both factors for lenders and insurers to consider.
For the right buyer this is a value purchase: freehold, chain-free, decent plot with large garden and a traditional layout that responds well to refurbishment or conversion for HMO/rental income. Full due diligence is essential — review the buyer information pack and expect auction-related fees and terms to affect total purchase costs.
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