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Thistlemoor Road, Peterborough - Image 1
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Thistlemoor Road, Peterborough

East of England

£190,000
Listed on 22/08/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace property situated in the Millfield area presents a compelling opportunity for renovation and investment. Currently occupied by tenants, the home is positioned conveniently within walking distance to various local amenities, enhancing its appeal as a potential rental or resale asset. Additionally, access to public transport routes facilitates easy commuting to Peterborough City, making it attractive to both families and professionals. The interior layout features separate living and dining rooms, offering distinct spaces that can be tailored to modern preferences. The kitchen comes equipped with ample wall and base units alongside plumbing for a washing machine, providing a solid foundation for updates. A family bathroom with tiled surfaces and a mixer shower completes the ground level. On the first floor, two generously sized double bedrooms accompany a single bedroom, allowing for versatile use—whether for family accommodation or as a student rental. Outside, a small courtyard leads to an enclosed garden space, which could be transformed into an inviting outdoor area with some landscaping effort. The property benefits from on-road parking available through council permits and is being offered with no onward chain. This presents an excellent chance for investors or buyers looking to add value through refurbishment while capitalizing on the property's location advantages in Millfield.

Investment Analysis

(PE1 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£212
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE1)

Area prices are rising by +4.9% over the last 12 months
3 year growth: 12.5%
5 year growth: 23.4%
Investment Disclaimer: Analysis based on PE1 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

Thistlemoor Road, Peterborough
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£696
Based on a loan of £142,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE