Summary - 61 ST MARTINS STREET PETERBOROUGH PE1 3BB
1 bed 1 bath Flat
Compact central flat with parking — ideal for investors or an affordable city base.
First-floor one-bedroom flat with garage and secure parking
A compact one-bedroom first-floor flat in central Peterborough, offered with a garage and secure parking. The 345 sq ft layout suits single professionals or buy-to-let investors seeking central location and steady rental demand. EPC rating C and double glazing add efficiency, though heating is by electric storage heaters.
The flat sits on a lease with about 86 years remaining and a low ground rent of £25 per year — important for buyers to confirm mortgage eligibility and future lease costs. The kitchen is dated and would benefit from modernisation to maximise rental income or owner comfort. The property is small and best suited to someone prioritising location over living space.
Location is a strength: immediate access to shops, transport links and local amenities, plus proximity to several good and outstanding schools. Note the area scores high for crime and is in a very deprived local authority zone; buyers should factor this into rental yield expectations and insurance costs.
This is a clear-value opportunity for an investor wanting a central, low-maintenance unit that can be improved to increase rent, or for a purchaser seeking an affordable pied-à-terre. Interested parties should commission surveys and check mortgage terms given lease length and local factors.
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