Summary - 8 MONUMENT COURT PETERBOROUGH PE1 4NB
1 bed 1 bath Flat
323 sq ft one-bedroom first-floor flat
A compact, well-located one-bedroom flat suited to first-time buyers and investors seeking a low-maintenance city-centre bolt-hole. At 323 sq ft on the first floor, the apartment offers an open-plan living/kitchen, allocated off-street parking and quick walking access to the city centre and train station.
Practical details include a long lease (999 years from 1993, c. 968 years remaining), modest ground rent (£50 pa) and a service charge of approximately £1,500 pa. The property is heated by electric storage heaters and benefits from double glazing; the EPC is rated C.
Buyers should note the small internal floor area and the absence of private outdoor space. Electric heating and storage heaters can mean higher running costs compared with gas central heating. The surrounding area records higher crime and very high deprivation indices, which will matter to some purchasers and tenants.
For investors the flat already produces rental income (£795 pcm) and its central location supports tenant demand. First-time buyers will find entry-level purchase costs and cheap council tax attractive, but should weigh living space and neighbourhood factors against the convenience and long lease.
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