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Shrewsbury Avenue, Peterborough - Image 1
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Shrewsbury Avenue, Peterborough

East of England

£100,000
Listed on 29/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold development site presents a promising opportunity for investors and developers, complete with full planning permission (Ref: 24/00897/FUL) for constructing two thoughtfully designed three-bedroom semi-detached houses with designated parking. Conveniently located near Orton Longueville, this site is just a stone's throw from Peterborough's city centre and the train station. Such proximity to urban amenities and transport links - including direct services to London Kings Cross in under 50 minutes - enhances the attractiveness of this project for future buyers and renters alike. The land comprises part of the former Toll Bar House office car park, clearly outlined in the accompanying site plan. With planning consent granted on 13th December 2024, potential owners have a solid foundation to embark on this residential scheme. It is crucial to note that certain pre-commencement conditions must be satisfied before commencing construction; these include an Arboricultural Impact Assessment, archaeological monitoring during groundworks, and compliance with surface water drainage schemes (SuDS). Prospective purchasers are advised to consult with utility providers regarding the availability of mains services, which are believed to be accessible nearby. This is a unique chance for those looking to capitalize on a ready-to-go residential development in a location with significant appeal.

Investment Analysis

(PE2 area)
Area Average
£267/sq ft
Avg Rent (weekly)
£226
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (PE2)

Area prices are stable by +1.1% over the last 12 months
3 year growth: +0.7%
5 year growth: +13.0%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£361
Based on a loan of £75,000 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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