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Scotney Street, Peterborough

East of England

£450,000
Listed on 04/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a noteworthy opportunity for renovations and investment in a desirable location. The existing three-bedroom semi-detached house features two reception rooms and offers a solid foundation for either rental or resale potential. The layout includes a living room with a front-facing window, complemented by a radiator and a gas fireplace that adds charm. The adjoining dining room benefits from double aspect windows, providing a bright atmosphere while overlooking the garden. With under-stairs storage, it maximizes space efficiency. In the kitchen, you'll find ample cabinetry and work surfaces along with necessary connections for essential appliances like a gas oven, dishwasher, and refrigerator. This area has the potential for modernization to create an open-plan space that aligns with contemporary preferences. The upstairs accommodates three well-sized bedrooms, each with unique features such as built-in storage in the master bedroom, which also boasts pleasant views from the front. The second and third bedrooms offer additional versatility for family or guest use. A notable highlight of this property is the accompanying land that holds outline planning consent for four additional dwellings with dedicated parking spaces. Interested parties can find further details on Peterborough City Council's planning portal under reference 21/01921/OUT. This setup not only allows for immediate rental income from the main residence but also presents significant development potential in an area likely to appreciate. Outside, off-road parking provides convenience, making this property equally functional as it is promising for future ventures. Whether considering it as a family home or an investment project, this semi-detached house offers multiple avenues to explore in today's dynamic market.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Scotney Street, 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
£1,648
Based on a loan of £337,500 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