Ready-made rental with parking close to transport links.
One double bedroom ground-floor flat, 377 sq ft total
A compact one-bedroom ground-floor flat close to Peterborough city centre and public transport. The open-plan lounge/kitchen/diner maximises the 377 sq ft footprint and the property includes off-street parking to the rear. Double glazing and electric room heaters are already installed.
This is a leasehold investment opportunity with an 88-year lease remaining and an average service charge of around £1,200 per year. The flat is sold with a tenant in situ and is offered with no chain, making it suitable for a buyer seeking immediate rental income or a simple portfolio addition.
The interior is functional but shows wear and will benefit from updating; the kitchen description notes damp and visible wear, and fixtures are basic electric appliances. The building sits in a very deprived area with a high local crime rate — factors that will affect long-term capital growth and lettability considerations.
Practical points: council tax is very low, broadband and mobile signal are good, and the building dates from the early 1990s with cavity walls and post‑2002 double glazing. Buyers should budget for refurbishment, check leasehold documentation and possible additional fees (lease packs), and confirm appliance and services condition before purchase.
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