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West Street, Kings Cliffe, Peterborough

East of England

£450,000
Listed on 02/08/2024

Property Details

Bedrooms
3
Type
Detached
Area
2088 sqft

Description

Located in the desirable village of Kings Cliffe, this historic three-bedroom Grade II listed property was once a post office and offers a unique investment opportunity for those looking to renovate a charming family home. With 2,088 sq/ft of living space, the property is rich in character and potential. Upon entry, you're welcomed by a spacious sitting room featuring large windows that provide pleasant views and natural light. The open-plan layout includes a dining room, kitchen, and additional living area which boasts a skylight that enhances the airy feel of the space, creating an inviting atmosphere for gatherings. The kitchen is fitted with shaker-style cabinetry and benefits from a view of the courtyard garden. This outdoor space features multiple seating areas and mature plants, ideal for outdoor entertaining or potential landscaping projects. A versatile sitting area with exposed stonework and wooden beams adds to the home's appeal while offering scope for modernisation. Upstairs is a part-galleried landing leading to three well-sized double bedrooms, each having its own distinct view. The spacious family bathroom includes both a bathtub and a separate shower cubicle, while an additional cloakroom provides extra functionality. The loft has been fully boarded with windows, presenting an outstanding opportunity for conversion into additional living space or storage—subject to planning permissions. This property presents itself as an exciting canvas for renovation enthusiasts keen on preserving its historical elements while updating its features to match modern lives. Its excellent location combined with extensive internal space makes it well-suited for both personal use or as an investment rental property.

Investment Analysis

(PE8 area)

Below Market Value

This property is priced -32.2% below area average per sq ft

-32.2%
Potential saving
This Property
£216/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£254
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£730,382
10% above area average per sq ft
Potential ROI
+37.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE8)

Area prices are rising by +15.4% over the last 12 months
3 year growth: +8.2%
5 year growth: +13.9%
Investment Disclaimer: Analysis based on PE8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

West Street, Kings Cliffe, Peterborough
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,594
Based on a loan of £337,500 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-10.0% since listed
£450,000£25,000(-5.3%)
13/10/2024
Current price
£475,000£25,000(-5.0%)
15/09/2024
£500,000Initial listing
02/08/2024

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