Chain-free two bedroom flat with strong rental yield but short lease ideal for investors.
Chain free first floor two-bedroom flat, own entrance stair
Compact 432 sq ft — best for buyers needing small space
62 years remaining on lease — lenders will likely refuse mortgages
Estimated rent £800–£850pcm; gross yield 7.3–7.8%
Service charge £1,296.24 pa; ground rent currently TBC
Allocated off-street parking and gas central heating
Council Tax Band A — very low council tax costs
Close to shops, schools and 15 minute drive to Peterborough station
This chain-free first floor two-bedroom flat sits in Werrington, about 4 miles from Peterborough city centre and station. The layout includes an entrance stair, lounge/diner, fitted kitchen, two bedrooms and a bathroom with an electric shower. The property has gas central heating, UPVC double glazing and an allocated off-street parking space.
At 432 sq ft the flat is compact and suits buyers seeking a low-maintenance investment or a first home. Current rental estimates of £800–£850 pcm imply a gross yield around 7.3–7.8%, making it attractive to investors if finance is available. Service charges run at £1,296.24 per year; ground rent is stated as TBC.
There is a material leasehold issue: 62 years remain on the lease. Lenders frequently refuse mortgages or apply restrictive terms on properties with short leases, so buyers should check mortgageability or be prepared for a cash purchase or lease extension cost. The flat is offered with no onward chain, so a quick sale is possible for a buyer who can manage the lease position.
Nearby conveniences include local shops, takeaways and bus links, and a mix of primary and secondary schools within reach. The area is described as self-sufficient retirement/ageing suburbanites but benefits from fast broadband and excellent mobile signal. Overall, this is a compact, practical property with clear rental potential but a significant lease-term limitation that must be resolved before many buyers can proceed.
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