Summary - ADMIRAL HOUSE FLAT 5 VIERSEN PLATZ PETERBOROUGH PE1 1ES
1 bed 1 bath Flat
Affordable city living close to transport and riverside amenities.
One-bedroom first-floor flat, 431 sq ft
Allocated off-street parking space included
Short walk to train station and city centre
River view from the building
Leasehold: 89 years remaining
Service charge about £1,800 pa; ground rent £160 pa
Heating: electric room heaters (no central heating)
Area: very deprived with very high local crime levels
This compact one-bedroom first-floor flat offers sensible access to Peterborough city centre and transport links. At 431 sq ft it suits a single buyer or investor seeking a low-entry purchase near the train station and riverside walks. The property includes an allocated off-street parking space and offers clear views towards the river from the block.
Important practical facts are set out plainly: the flat is leasehold with 89 years remaining, an average annual service charge around £1,800 and a ground rent of £160. Heating is by electric room heaters rather than a central system, and double glazing was installed after 2002. Broadband speeds and mobile signal are reported as strong.
Buyers should consider the neighbourhood profile and running costs. The immediate area is classified as very deprived with very high local crime levels — factors that may affect resale or rental appeal. The apartment’s small size and the service charge level mean it’s best suited to someone prioritising location and transport convenience over space.
For an investor, the property’s proximity to the station, shops and amenities and low asking price present clear potential for rental income, but factor in management costs, service charge and local area risks. For a first-time buyer seeking affordable city-centre living, it’s a practical, entry-level option provided you accept the compact living space and leasehold costs.
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