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Back Lane, Eye, Peterborough, PE6

East of England

£120,000
Listed on 03/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This exceptional opportunity features a sizable plot of land on Back Lane in the charming town of Eye. Currently, the property includes a robust double garage along with a workshop, both equipped with essential utilities such as electricity, water, and drainage—positioning it well for potential development. The site offers the possibility to construct one or two detached bungalows, complete with gardens and off-road parking, subject to acquiring the necessary planning permissions. Set in a tranquil edge-of-town location, this parcel enjoys easy access to local amenities and the vibrant community that Eye has to offer. Spanning approximately 0.14 acres (subject to survey), this plot is particularly appealing to developers and self-build enthusiasts seeking ample space for single-storey living options in a picturesque semi-rural environment. No current planning permission exists, so prospective buyers should consult with Peterborough City Council regarding development opportunities.

Investment Analysis

(PE6 area)
Area Average
£276/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £95,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (PE6)

Area prices are falling by -3.0% over the last 12 months
3 year growth: +1.2%
5 year growth: +16.0%
Investment Disclaimer: Analysis based on PE6 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

Back Lane, Eye, Peterborough, PE6
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £90,000 over 30 years at 4.06% 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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