Summary - 2 OAKLANDS PETERBOROUGH PE1 2QY
2 bed 1 bath Apartment
Compact commuter flat with balcony and allocated parking.
Chain-free, first-floor apartment close to city centre and station
A compact first-floor apartment positioned within easy walking distance of Peterborough city centre and the train station. Offered chain-free, the flat is presented in good order and includes a balcony, built-in wardrobes in both bedrooms and an allocated off-street parking space — practical features for everyday living or a buy-to-let setup.
The property totals approximately 536 sq ft and benefits from double glazing and an EPC rating of C. Current estimated rent of £800–£850 pcm produces a gross rental yield around 8.5%, making this an attractive investment prospect. Local amenities, Queensgate Shopping Centre and good secondary schools are all close by.
Important practical points: heating is electric (ceiling and panel heaters), which can be more expensive than gas; the lease has about 92 years remaining; and annual costs include an estimated service charge of £1,200 and ground rent of £125. The area records higher-than-average local crime levels, which buyers should factor into their decision.
Overall, this is a straightforward, low-maintenance purchase suited to a first-time buyer seeking a central, commuter-friendly home or an investor seeking immediate rental income. The compact size and leasehold obligations mean buyers should check long-term mortgage and management implications before committing.
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