Summary - 61 ST MARTINS STREET PETERBOROUGH PE1 3BB
1 bed 1 bath Flat
City-centre commuter pad with parking and strong rental potential.
One-bedroom apartment, 366 sq ft (compact)\nExcellent central location near main train station and amenities\nAllocated off-street parking included\nHigh-spec interior with open-plan kitchen/lounge and en-suite\nLeasehold ~90 years remaining — affects mortgage options\nService charge approx £1,100 pa — factor into returns\nElectric storage heaters — higher running costs, consider upgrade\nArea classed very deprived with high crime — impacts tenant profile
This compact one-bedroom apartment in central Peterborough occupies 366 sq ft and suits an investor targeting city-centre rental demand. Its location adjacent to shops, restaurants and the main train station gives strong commuter appeal and easy tenant access to transport and local amenities.
The apartment is presented to a high specification with an open-plan living/kitchen, bedroom and en-suite bathroom. Fast broadband and allocated off-street parking add practical value for tenants. Constructed between 1996–2002, the building has double glazing and cavity wall insulation (assumed) but main heating is electric storage heaters, which can affect running costs and tenant comfort.
This is a leasehold purchase with approximately 90 years remaining and an average annual service charge of around £1,100. These are material for long-term hold strategies and mortgage availability; they should be checked with a solicitor. The wider area is classified as very deprived with high crime rates, which will influence rental levels, tenant profiles and management needs.
For an investor, the flat offers a straightforward, city-centre let with low flood risk and quick access to a mix of primary and secondary schools. Consider periodic refurbishment or heating upgrades to improve yields and tenant retention.
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