Summary - 16 Sandringham Road, Peterborough PE4 6BH
1 bed 1 bath Flat
Income-producing central Peterborough home with allocated off-street parking.
One-bedroom first-floor flat, open-plan kitchen/lounge
A well-presented one-bedroom first-floor flat in a modern 2007+ brick block, offered with a very long lease and allocated off-street parking. The open-plan kitchen/lounge and contemporary fittings make it straightforward to let immediately. The property is currently tenanted, producing £680pcm, so it suits a buy-to-let investor seeking immediate income.
Practical ownership details are favourable: a near-999-year lease (989 years reported), double glazing, mains gas central heating and fast broadband/mobile connectivity. The flat is an average-sized 456 sq ft property with standard ceiling heights and low-maintenance communal grounds.
Material considerations are clear and factual. The property sits in an area described as deprived with a higher-than-average local crime level; buyers should factor local demand and management into plans. Service charges are £2,140pa and the unit is leasehold, so additional leasehold management or admin costs (e.g., lease packs) may apply.
For investors the numbers are straightforward: at £100,000 with a current rent of £680pcm the gross yield is around 8.2% (annual rent £8,160). Prospective purchasers should verify tenancy terms, commissions and service arrangements and are advised to commission their own surveys and gas/electrical checks prior to purchase.
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