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Shrewsbury Avenue, Peterborough - Image 1
Shrewsbury Avenue, Peterborough - Image 2
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Shrewsbury Avenue, Peterborough

East of England

£125,000
Listed on 04/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold development site offers a valuable opportunity for investors and developers, with full planning permission already secured (Ref: 24/00897/FUL) for two thoughtfully designed three-bedroom semi-detached houses featuring designated parking. Located in the desirable Orton Longueville area, the site is just a short distance from Peterborough city centre and its train station, making it an appealing prospect for both residential buyers and renters. The land encompasses part of the former Toll Bar House office car park, clearly delineated on the site plan provided. The approved plans allow for the construction of two contemporary homes that not only meet current housing needs but also have strong potential for resale value given their strategic location. With excellent transport links—including direct train services to London Kings Cross in under 50 minutes—this area is particularly attractive to families and commuters alike. Key aspects of the planning include several pre-commencement conditions necessary to advance the project. These requirements encompass a full Arboricultural Impact Assessment, archaeological monitoring during groundworks, and a comprehensive surface water drainage scheme (SuDS). Additionally, conditions regarding external materials, landscaping plans, and enhancements for biodiversity will need to be addressed prior to construction. It’s important for potential buyers to familiarize themselves with these stipulations as they are responsible for fulfilling all planning conditions and associated costs. While mains services are reportedly available nearby, interested parties should verify connection possibilities and capacity with local utility providers. Overall, this site represents a unique renovation or development potential within a growing community in close proximity to urban conveniences—a compelling opportunity for those looking to invest in property development.

Investment Analysis

(PE2 area)
Area Average
£264/sq ft
Avg Rent (weekly)
£222
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£400,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE2)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 1.1%
5 year growth: 13.6%
Investment Disclaimer: Analysis based on PE2 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

Shrewsbury Avenue, 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
£458
Based on a loan of £93,750 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