Summary - PHORPRES COURT FLAT 16 ST MARGARETS ROAD PETERBOROUGH PE2 9EL
1 bed 1 bath Flat
Compact investment with tenant in situ and immediate rental income potential.
One-bedroom first-floor flat, approximately 387 sq ft
A compact, well-presented one-bedroom first-floor flat close to Peterborough city centre, offered with a tenant in situ for immediate rental income. The layout is traditional and efficiently arranged: lounge/diner with bay window, separate kitchen, bedroom and bathroom. The communal garden and low-maintenance exterior suit buyers seeking a straightforward investment unit.
Practical running costs are clear: an 87-year lease, annual ground rent of £100 and an average service charge of £1,432. Heating is electric with room heaters and there is double glazing; there is no gas central heating. The property totals about 387 sq ft and is small, so it suits single occupiers, couples or buy-to-let investors rather than those needing generous living space.
Important considerations: the area shows above-average crime and relative deprivation compared with wider districts, and the building is electrically heated rather than gas centrally heated. The flat is sold with a tenant in situ (estimated achievable rent c. £725 pcm) and is therefore best suited to investors or buyers happy to take on an occupied property. Council Tax is low (Band A), and broadband speeds are fast, which supports rental appeal.
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