Summary - HERITAGE COURT 24 EASTFIELD ROAD PETERBOROUGH PE1 4RB
1 bed 1 bath Flat
Affordable, low-maintenance over-55s flat close to city amenities—cash buyers preferred.
One double bedroom with built-in wardrobe
Modern kitchen with integrated appliances
Modern shower room; compact overall footprint (approx 307 sq ft)
Designed for over-55s; age-restricted retirement block
Lease c.60 years remaining — lenders likely to refuse mortgages
Service charge c.£3,840 pa; factor/maintenance costs significant
Sold subject to grant of probate — sale timescales may be extended
Electric storage heaters; council tax very low but running costs may vary
A ground-floor, purpose-built retirement flat presented in modern condition and offered for sale by probate. The one-bedroom apartment sits on the first floor of a purpose-built block and benefits from a fitted kitchen with integrated appliances, a modern shower room, double glazing and an allocated off-street parking space. Communal features include an entry intercom, lift access and shared gardens — practical for buyers seeking a low-maintenance, age-restricted home.
Important practical points are straightforward: this is a leasehold retirement property with only around 60 years remaining on the lease. Many mortgage lenders will refuse finance on flats with leases of this length, which will limit the market largely to cash buyers or purchasers able to secure specialist lending. The property is sold subject to grant of probate, which can affect timescales for completion.
Service costs are relatively high (around £3,840 pa) and heating is by electric storage heaters, so carry ongoing running costs in your budgeting. The flat is compact (about 307 sq ft) and suits a single person or couple seeking a low‑upkeep base in the city centre. The immediate area shows high crime and high deprivation metrics, which buyers should weigh against the affordable price and convenience of nearby amenities and transport links.
Viewings are recommended to judge the apartment’s size and communal facilities. Buyers should commission independent checks, confirm lease details, seek legal advice about probate timing, and verify mortgage availability before making an offer.
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