Summary -
28 Fletcher Way,PETERBOROUGH,PE4 7AL
PE4 7AL
2 bed 1 bath End of Terrace
40% share 2-bed home with parking — good entry price, lease needs attention.
40% shared ownership available — 2-bedroom end terrace
Full market value £205,000; 40% share £82,000
Monthly rent £292; service charge £36.82 (below average)
Allocated off-street parking and conservatory add usable space
5.2 miles to Peterborough centre and mainline station (London links)
84 years remaining on lease — lease extension likely required
Area classed as very deprived; consider resale/rental implications
No flood risk; low local crime; fast broadband and excellent mobile signal
This two-bedroom end-of-terrace in Gunthorpe is offered through Shared Ownership with a 40% share available, making home ownership more achievable for first-time buyers. The property benefits from a modern fitted kitchen, a conservatory that adds living space, and allocated off-street parking — practical features for everyday life. Broadband speeds and mobile signal are reported as strong, and there is no flooding risk. The home sits roughly 5.2 miles from Peterborough city centre and the mainline station with London links.
Financially it is attractively priced for a shared-ownership purchase: full market value is £205,000 with a 40% share available at £82,000. Monthly costs are moderate: rent £292.00 and a below-average service charge of £36.82. The scheme allows you to buy larger shares over time (staircase to 100%), offering a clear route to full ownership.
There are material issues to consider before viewing. The lease has 84 years remaining — legally acceptable for purchase but short enough that you should budget to renew the lease sooner rather than later; lease extension costs can be significant and may affect mortgage options. The property sits in an area classified as very deprived, which may influence long-term resale or rental demand. The home is leasehold and subject to the shared-ownership conditions.
Overall this is a pragmatic option for a first-time buyer who needs a lower entry price and who is comfortable with shared-ownership terms and the practicalities of a shorter lease. A survey and early legal advice about lease extension and the shared-ownership contract are recommended before committing.
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