Compact two-bed with garden and parking — auction sale, refurbishment opportunity.
Freehold Victorian terrace with two reception rooms
A compact Victorian terraced house in central Peterborough, offered chain-free and sold via Modern Auction. The property has two reception rooms, two double bedrooms and a small rear garden — a straightforward layout that suits first-time buyers or buy-to-let investors looking for a city-centre, period home with immediate letting potential.
The house is freehold and benefits from double glazing, mains gas central heating and permit/off-street parking. Practical positives include low council tax (Band A), fast broadband and excellent mobile signal, which help make the property easy to occupy or rent quickly.
The home requires updating: interiors are dated and modest in size, and the solid brick walls are assumed to lack insulation. Buyers should expect cosmetic modernisation and may wish to commission a survey for services and structure. The surrounding area shows higher crime levels and significant deprivation, which will affect resale and rental values.
Important auction terms: sale is by Modern Method of Auction with a non-refundable reservation fee (4.5% of purchase price, minimum £6,600 incl. VAT) plus information-pack costs. There is an undisclosed reserve price; buyers must complete due diligence and be prepared to exchange within the auction timeframe.
Overall, this is a small, well-located period terrace with clear potential after updating. It suits purchasers who are comfortable with auction purchase mechanics and refurbishment work, or investors targeting an affordable city-centre rental.
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