Summary -
62, Orchard Street,PETERBOROUGH,PE2 9AL
PE2 9AL
4 bed 1 bath Terraced
Established buy-to-let with long-term tenants and clear refurbishment potential.
Four bedrooms and lounge in a compact 829 sq ft mid-terrace
This Victorian mid-terrace on Orchard Street is offered as an established buy-to-let with long-term tenants in situ. The property is compact (approx. 829 sq ft) and arranged over two storeys with four bedrooms, a lounge, kitchen, and a single three-piece bathroom. It includes a small private rear garden and on-street parking.
The house has clear investor appeal: it currently produces a gross annual rental income of £9,600 and the sitting tenants have lived at the property for 11 years and intend to remain. The location is urban, close to local shops, schools and amenities, and benefits from fast broadband and excellent mobile signal — useful for tenant demand.
Condition is described as dated and will likely need updating; interior images indicate period features but also visible wear. The area records above-average crime and a higher deprivation score, which is important to factor into rental pricing and tenant risk assessment. The property is small and the plot modest, so scope for significant extension is limited without further investigation.
Practical points for buyers: the property is freehold and presented as an investment with a Let Property Pack available for detailed tenancy and income information. A Buyer’s Premium is stated as part of the sale process. On-site inspection and a full review of tenancy paperwork are recommended before purchase.
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