Summary - 7 Craig Street PE1 2EJ
3 bed 2 bath Terraced
Chain-free terrace ideal for commuters or rental investors seeking immediate income.
- Five-minute walk to Peterborough station, 45-minute commute to London
- Reported 7% rental yield as two self-contained flats
- Gated front driveway with off-street parking for two cars
- Separate living and dining rooms; two bathrooms, one en suite
- Small overall size (~453 sq ft); tight internal space
- Electric storage heating (Economy 7 style); potentially higher running costs
- Solid brick walls with no known insulation; retrofit likely needed
- Located in a very high crime, very deprived area
This compact Victorian mid-terrace sits a five-minute walk from Peterborough station, offering an easy 45-minute commute to London and quick access to Queensgate shopping and city amenities. The property is arranged as two self-contained flats producing a reported 7% rental yield, or with limited alteration can function as a three-bedroom family house with separate living and dining rooms and two bathrooms (one en suite).
Practical features include a locked rear courtyard, gated front driveway with off-street parking for two cars, double glazing, and fast broadband — helpful for renters or city professionals. The house is chain free and sold with contents included, which can speed a buy-to-let purchase or first move-in.
Buyers should factor in the property’s small overall size (approximately 453 sq ft), older solid-brick construction with no known wall insulation, and electric storage heating (Economy 7 style), which can mean higher running costs. The wider area records very high crime levels and significant deprivation; these are important for both owner-occupiers and investors to consider when pricing or marketing.
For investors the existing rental income and proximity to transport are the main draws; for a family, the location and separate rooms offer city-centre convenience but the home will suit those prepared for modest living space and some retrofit work (insulation/heating upgrades) to improve comfort and efficiency.
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