Summary - 125 DEERLEAP BRETTON PETERBOROUGH PE3 9YD
1 bed 1 bath Studio
Low-price studio for cash buyers or investors willing to manage lease issues.
- Studio flat approx 32 sq m (344 sq ft)
- Leasehold with ~63 years remaining; lenders may refuse mortgages
- Offered at auction; buyer's premium applies (1.2% inc VAT, min £1,200)
- EPC rating C; mains gas boiler and radiators
- Ground rent £10 pa; service charge details in legal pack
- Area: very deprived with very high crime levels
- Fast broadband and excellent mobile signal
- Sold as seen; appliances/services not tested
A compact studio apartment with investment potential in Bretton, offered for sale by auction. The flat measures about 32 sq m (344 sq ft) and has an EPC rating of C, mains gas central heating and double glazing. Broadband is fast and mobile signal excellent, making it straightforward to let to a single occupant or young professional.
Important practical issues are clear: the lease has approximately 63 years remaining which is likely to prevent mortgage lending and reduces long-term value without lease extension; buyers should expect to purchase with cash or auction finance. There is a low ground rent (£10 pa) but service charges and other disbursements are detailed in the legal pack and may affect running costs.
The property is in a 1960s brick apartment block close to local amenities and transport links. The immediate area has high crime levels and is assessed as very deprived, factors that will influence rental demand and resale. The lot is sold as seen at auction, appliances and services are untested, and buyers should review the legal pack and carrying costs before bidding.
For a cash buyer or specialist investor prepared to manage lease extension and local letting risks, this is a low-entry-price opportunity. For finance-dependent buyers or those seeking long-term owner-occupation, the short lease and area indicators are material drawbacks and may rule out mortgage purchase.
1 bedroom apartment for sale in vicarage farm road, PETERBOROUGH, PE1 — £65,000 • 1 bed • 1 bath
1 bedroom ground floor flat for sale in St. Martins Street, Peterborough, PE1 — £85,000 • 1 bed • 1 bath • 399 ft²
1 bedroom retirement property for sale in Lincoln Gate, Peterborough, PE1 — £40,000 • 1 bed • 1 bath • 368 ft²
1 bedroom apartment for sale in Vicarage Farm Road, Peterborough, PE1 — £65,000 • 1 bed • 1 bath • 420 ft²
1 bedroom apartment for sale in Whalley Street, Peterborough, PE1 — £115,000 • 1 bed • 1 bath • 377 ft²
1 bedroom apartment for sale in Whalley Street, Peterborough, PE1 — £90,000 • 1 bed • 1 bath • 556 ft²
